In just the last 5 years, 4 publishers made $US 41 billion in revenue and $14.7B in profit - money that largely comes from taxpayer-funded research budgets.
For context: the entire 2024 NSF budget was $9B USD.
@elsevierconnect.bsky.social made $3.9B that year at a 38% profit margin. 2/n
In just the last 5 years, 4 publishers made $US 41 billion in revenue and $14.7B in profit - money that largely comes from taxpayer-funded research budgets.
For context: the entire 2024 NSF budget was $9B USD.
@elsevierconnect.bsky.social made $3.9B that year at a 38% profit margin. 2/n