By thatashok on
Wall Street Journal reports:
Internet company Automattic Inc., which distributes the popular WordPress blogging software, said it has raised $29 million from investors that include New York Times Co., after spurning an acquisition offer last year.
[edit by kbahey: fixed the link]
Comments
Wordpress.com not Wordpress per se
An important distinction: it is Automattic and its Wordpress.com, the commercial venture that hosts blogs, that got the funding. Not Wordpress (the software) itself.
This is like Acquia getting funding, not the Drupal project/community.
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Thanks for fixing the link
My understanding (shaky at the best of times) was that Automattic/Wordpress GPL weren't that distinct. Acquia compares itself to the Redhat/Linux model, which is quite different to the Automattic/Wordpress model. My reading of the news is that quite a bit of that funding will find its way into WP software development.
How do they profit?
How are they planning on making the $29 million back, only by advertising (I never even seen any ads on their website?)?
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A lot of cash
Thats a good question. How they make money? No ads and all there services a free. so how do they make money? Or will they just burn the $29 million?
no ads?
no ads? From wordpress.com:
They also have some "premium" paid service level.
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Alan F.
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interesting
hm... I never saw one of these ads?