• starshipwinepineapple
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    1 day ago

    On one hand it is nice to see companies give back.

    On the other hand, their revenue was $249 million in 2023 and their income after expenses/taxes was 8 million.

    • 120,000 / 249,000,000 = 0.048% of revenue.
    • 120,000 / 8,000,000 = 1.5% of their income.

    It just seems like a small amount to give back for how much they are bringing in.

    Source (group of company accounts dtd 25 June 2024)

    • enemenemu@lemm.ee
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      23 hours ago

      100k is very low considering their revenue but Canonical employs people that work on open source projects as well.

      • haui@lemmy.giftedmc.com
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        21 hours ago

        Correct but they are one of the most visible open source production companies in the world. They should go ahead and steadily put 1% of their revenue as donations. It would do much good and work as an example. “If we as a small company can do this, everybody can.” That said, they should not be for profit at all.