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this post was submitted on 04 Apr 2024
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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.