this post was submitted on 27 Apr 2025
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Sync for Lemmy
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Sync for reddit grossed over 2 million British pounds - and that's current account balances, I didn't check withdrawals over time. See for yourself, company filings for UK Ltd.'s are public.
https://find-and-update.company-information.service.gov.uk/company/08807876
So you might consider sync for Lemmy a passion project since it's not exactly cashing in on the same level, no doubt, but it's a far cry from a lone nerd trying to make ends meet.
Thanks for sharing the link to the dev's company.
I don't have a finance background. My understanding of the company filing (20 Dec 2024) is that the company income came from investing $719,683 which earned $22,147.
That's not enough to live comfortably in UK, especially if you have family to look after. The $2 million value of the company would not go very far if they start to spend it instead of investing it. I magine the developer would have to find other sources of income.
There was a withdrawal of almost 1M in 2023, and the company's entire equity is basically cash. What you don't find in the balance sheet are salaries paid, which would be to himself alone. The 22k in earnings from investments is merely interest on top.