Red Hat's $1B milestone notable but chump change vis-a-vis overall Linux
The Linux Foundation’s exec director saluted Linux distribution leader Red Hat for reaching $1 billion in revenues but pointed out that the overall Linux industry is worth many, many billions today.
In a recent post, LF Director Jim Zemlin said the “collective investment” in Linux, at $10 billion, is freely available and that the resulting “network effect” has generated billions of Linux users and billions of dollars transacted on Linux systems daily.
“This achievement will finally put to bed the argument that “nobody can make money with open source,” Zemlin wrote last week, just prior to Red Hat’s earnings were announced.
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