How is meet.jit.si financed

Hi,
When speaking to friends to use meet.jit.si instead of my my private instance for big conferences, a recurrent question to whom i have no answer is: how are these 8 thousand servers financed especially if they are not selling our data ?
Does anyone has an answer ?
TIA

First let’s not forget the company behind meet.jit.si provides the fee-charging service which is based on Jitsi Meet.

https://meet.jit.si/static/close3.html

According to the last TheCall they are now more than 8 thousand servers hosted on aws. This is a lot of money. How 8x8 grab ROI from this investements.

If you are interested in their financials, please study by yourself: https://finviz.com/quote.ashx?t=eght

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Interesting link. Scroll down and look at the financial articles, lots of useful information there.

I wish Jitsi had governance through a non-profit foundation created to steer its development and technical roadmap, much like LibreOffice and others. There is real danger that corporate decisions by 8x8 will not always benefit the project itself primarily, specially when the main https://meet.jit.si depends on their money.

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Thank you @KEYLETAL. I am not a finance expert but people here are afraid of hidden costs of open source, by its governance (people behind open source: what are their plans, what are their immediate and long term benefits from spending without ROI, for many people this doesn’t sound logical in traditional economics), and they prefer spend in closed source branded software.

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Yeah I know what you mean; I’ve been a hard user of OOo and LibO since 2005 and I have followed the situation since the separation after Oracle took over Sun. For me it seems that to make the same thing happen for Jitsi there are not enough active volunteer (3rd-party) developers who contribute to the source since its old ancestor StarOffice. Jitsi simply does not have that kind of developer base, unfortunately.

which is why Richard Stallman called free software in terms of “free as in speech” not “free as in beer”. All of us know how much work is and has been required to maintain “free speech” and essentially its basis: liberal democracy.

In “traditional” economics pretty much everything is hidden, private and/or distorted. The only goal is to make monet. I can’t agree Free software is scarier. I encourage you to research Free software business models, it will help you better understand and even explain the differences.