Bloomberg Launches Open-Source Funding Initiative

[phoronix]

Phoronix: Bloomberg Launches Open-Source Funding Initiative

The Bloomberg financial, software, and media company has announced their FOSS Fund as a small step for helping open-source projects they rely on and of interest to their employees...

https://www.phoronix.com/news/Bloomberg-FOSS-Fund

[Eumaios]

This is really nice to see. Apparently, no strings attached?

[marios]

Lol, up to 3*10000 per quarter = up to 120000 per year. A negligible amount for a company that has more than 10 billion yearly revenue.

[peterdk]

Better something then nothing right? We can all complain but that doesn't really do justice. It's a nice gesture.

[marios]

Better something then nothing right? We can all complain but that doesn't really do justice. It's a nice gesture.

If I fund an open source project with 1 euro per year, will anyone be grateful for that or say that it is a nice gesture? I don't think so, and definitely it will not make any news. However if you compare 1 euro/my annual income to the sum that bloomberg spent/bloomberg's revenue, the former is multiple times higher.

PS. No an individual funding 1 euro to open source should be a news headline. However,if bloomberg spends at most 120000 on open source funding, they should still not make news headlines.

[DarkCloud]

If I fund an open source project with 1 euro, will anyone be grateful for that or say that it is a nice gesture? I don't think so, and definitely it will not make any news. However if you compare 1 euro/my annual income to the sum that bloomberg spent/bloomberg's revenue, the former is multiple times higher.

Nobody likes a Karen

[marios]

Nobody likes a Karen

Also every self respectable person hates bloomberg. Your argument?

[DarkCloud]

Never argue with a Karen

[BrokenAnsible]

Never argue with a Karen

That is exactly what a Karen would say.

No-one bats an eye at IBM funding open source, so I can't really complain about Bloomberg. But they are a slimy company. But if they see FOSS as a way to shape their company and put their money on the table good for them. More companies should follow suit.

[mortn]

Just make companies like Bloomberg pay their fair share of taxes from their earning from society and it could benefit society by also funding FOSS projects