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by brianwawok 1439 days ago
You do realize I compared market cap to networth? And networth is not money?

Most of an individuals networth is likely tied up in their primary residence and highly illiquid.

If you want, you can repeat my math comparing personal income to corporate income. The difference you will find out is not substantial.

3 comments

Your comparison is still flawed. Market cap is the value of the company in the eyes of its investors, which in theory factors in current assets, current profits, and future expectation of profits. You compared that to the net worth of a single individual, which accounts for nothing but current assets.

That said, you weren't all that far off. Based on Shopify's revenue of $4.6 billion and an average household income of $67k, this is equivalent to a donation of $14.57.

I still argue that the presence of this kind of negativity in every thread about corporate donations is toxic. Corporations don't donate to FOSS nearly as often as they should, and there's no harm in giving them some credit on the rare occasions when it happens.

Shopify's revenue last year was $4.6m last year, and that's before expenses, so I'd say it's quite a meaningful contribution. But regardless, a $1m donated to OSS is still $1m.
Shopify’s revenue in 2021 was $4.6b.
Welp, you can disregard my comment then lol
I'm guessing you wouldn't mind sharing receipts of your donations that certainly amount to much more than 0.002% of your net worth?
I’m not submitting a PR stunt on hacker news about it.
If you want to talk crap about a company that gives 0.002% of their "market cap" to FOSS development, at least be ready to show that you are doing better than that. Otherwise, your indignation sounds like nothing but a mere cheap attempt at virtue signalling, and FOSS devs can not use that to pay their bills.

What amazes me is they are giving money with no strings attached, and of course there will be some entitled prick who will try to find fault at that. I wish more companies did "PR stunts" like these...