this post was submitted on 12 Jul 2023
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[–] federico3@lemmy.ml 2 points 1 year ago

Element (and other crucial components of the Matrix ecosystem) received many rounds of investments including https://element.io/blog/element-raises-30m-as-matrix-explodes/ (These are investments, not donations.)

I would not be surprised if the usual bait & switch lock-in mechanism happens here as well.