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by glenstein
180 days ago
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It would be organizational suicide to spend down their endowment just because they can. Right now it exists as a firewall to buy them some time in the event that search licensing goes away, which I think is exactly what they should have done with it. And it's been talked to death before but the idea that the browser side bets are at some prohibitive cost is an unsubstantiated myth, conjured into existence by vibes in comment sections. It's the HN equivalent of American voters who think foreign aid is 50% of the federal budget. |
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There is no excuse to what is going on.