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by antoviaque
1814 days ago
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Note that the benefits of the sale ($800M) will all go to a non-profit dedicated to the development of the Open edX project. This just gave the project one of the largest warchests of any open source project, and freed it from the sometimes conflicting needs of monetization edx.org had. |
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The $800M will be used to line the pockets of privileged MIT professors. It will be as effective at closing equity gaps as supply-side (trickle-down) economics. 60% will go to overhead, which will fund faculty clubs and yachts. From there, a ton will go into generous salaries and benefits packages. And so on down the line.
I am willing to bet that this will be equivalent to giving maybe $10M to an HBCU, in terms of benefits to the poor.