On November 16th, Meredith Whittaker, President of Signal, published a detailed breakdown of the popular encrypted messaging app’s running costs for the very first time. The unprecedented disclosure’s motivation was simple - the platform is rapidly running out of money, and in dire need of donations to stay afloat. Unmentioned by Whittaker, this budget shortfall results in large part due to the US intelligence community, which lavishly financed Signal’s creation and maintenance over several years, severing its support for the app.
This is certainly one way to spin this.
It doesn’t touch on all the other donations signal receives, including the major loan from Brian Acton. The OTF isn’t the only source of funding that signal has.
Signal will be fine. In fact now that the OTF have withdrawn funding it’ll probably shake off the weird take that Signal is CIA tech.