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● 01.25.21
●● The Linux Foundation, With Over 124 Million Dollars in Annual Revenue, is in Trouble Because of the Pandemic, So It’s Trying to Reinvent Itself as Training and Certifications Outfit
Posted in Finance, Marketing at 2:59 am by Dr. Roy Schestowitz
Video download link
http://techrights.org/videos/linux-foundation-events.webm
http://techrights.org/videos/linux-foundation-events.webm
Sometimes leveraging ethnic minorities for marketing…
Summary: With mountains of cash and a Public Relations (PR) or marketing business model the so-called ‘Linux’ Foundation became reliant on travel, lodging, booths and speeches on sale; COVID-19 is a great risk to that business model
THE Linux Foundation operated at a loss in 2018 because it had been paying out outrageous salaries, exceeding what revenue permitted. The revenue was nearly $100 million at the time and as the screenshot above shows it grew to $124,492,699 in revenue the following year (IRS filing not easy to fetch yet).
http://techrights.org/wiki/index.php/Linux_Foundation
Back when we studied the latest available filing we saw this:
Here’s the bit about overspending to the point of being cashflow negative 2 years ago:
Aside from corporate bribes (even
from the likes of Microsoft), the
“Given that this is the sort of thing that the Foundation increasingly does (running Windows sites and using “Macs” for reports about Linux), it would not be too devastating to lose the Foundation, only to see it replaced by something (hopefully) better.”It seems possible that many inside the Foundation will need to take a considerable paycut for 2020. The Foundation still has a mountain of money in the bank, but it cannot carry on losing money forever.
For those who haven’t paid enough
attention, the Foundation does not
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