Register | Login

Firefox outfoxes recession

Posted by Xandros 290 days ago
Mozilla has published its audited financial statements from 2008, reporting $78.6 million in revenue for the fiscal year—a five percent increase from 2007. Aside from a weakened investment portfolio, the browser maker has not been hit hard by the economic recession. Mozilla's organizational structure and governance model are a bit unusual. The Mozilla Corporation is a wholly-owned subsidiary of the non-profit Mozilla Foundation. The corporation, which is taxable, serves as a vehicle for managing the organization's business relationships. The foundation, which has tax-exempt status, holds the organization's intellectual property and directs its policies and mission.

Who Voted for this Story



Pligg is an open source content management system that lets you easily create your own social network.