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It currently costs $19 million in salaries and other personnel expenses for about 50 full-time employees. The bandwidth required for data transmission alone costs $2.8 million annually.
Signal constantly relies on end-to-end encryption, where the communication content is only visible to those involved in plaintext. Therefore, messages are temporarily stored on the company’s servers for transmission purposes only. This costs $1.3 million annually.
Signal’s encryption technology is also used by chat service WhatsApp, among others. Signal is non-profit and managed by a foundation. The service wants to fund itself over the long term with the help of a broad donor base, the foundation’s president, Meredith Whittaker, wrote in a blog post. So far, Signal has been helped by a million-dollar donation from WhatsApp co-founder Brian Acton. He received some of the more than $20 billion that Facebook paid for WhatsApp and later co-founded the Signal Foundation.
(SDA)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
