The Matrix.org is Community Interest Company registered in UK, and its full name is THE MATRIX.ORG FOUNDATION C.I.C., please, consider this as a proof proof.

Given this information, I would guess it's relatively safe to donate/give funding to the Matrix.org because its financial flows should be protected by UK law.

BUT, it seems they never made a full report of incomes/spendings, the first one is expected in April 2024. But it's already April 2024, and I don't see a report. Anyway, it's better to read original Issue in regard of such things, I might understood it incorrectly

[–] Blisterexe@lemmy.zip 10 points 5 months ago (1 children)

but it uses an open api, i think thats their point

[–] jimmy90@lemmy.world 4 points 5 months ago (1 children)

and open source

[–] Blisterexe@lemmy.zip 5 points 5 months ago

yeah thats what i was trying to say, thank you

[–] tcit@beehaw.org 4 points 5 months ago (1 children)

This post is by the Matrix foundation, not Element.

[–] dsemy@lemm.ee 2 points 5 months ago (1 children)

This post was made by the CEO and founder of Element

[–] tcit@beehaw.org 2 points 5 months ago (1 children)

And ? Obviously it's not the for-profit structure which would benefit from donations. VC money is one way of financing things (which has the cash burn rate issue), public money and donations is another, why would changing from one model to another be something bad?

[–] dsemy@lemm.ee 1 points 5 months ago

Why is it obvious? See https://github.com/matrix-org/matrix-spec/issues/571

Literally only the last comment gives any real data about how that money is being spent (and the annual report mentioned hasn't been published yet).

I think the change is positive in general, but they really haven't done a good job w.r.t transparency, and the Matrix ecosystem is still reliant on a for-profit company.

[–] LWD@lemm.ee 2 points 5 months ago

Private, for-profit, and let's not forget antagonistic to the GDPR.