00:00But what happens to that money?
00:01Well, according to their 9-der-90 form, $270 million of that went to program services.
00:08This includes expenses such as paying their employees, product development, and fundraising.
00:13They spent another $186 million on fundraising and administrative costs,
00:18and the rest went to investments and other programs.
00:21A lot of people hate on big tech for how much money they spend on lobbying.
00:25But compared to Apple, Facebook, Amazon, Microsoft, and Google, Mozilla spends very little on lobbying.
00:33In 2021, they spent less than $100,000 on federal lobbying efforts.
00:39This is probably due to the fact that Mozilla doesn't have any major legislation to lobby for.
00:44Most of their work is done in the courts.
00:46Now, if you've been following along, you might be wondering, wait a minute.
00:51If $422 million came from search engine licensing agreements, and they spent $270 million on program services,
01:00where did the rest of the money go?
01:03Well, that's a great question, but I'm afraid to say that I couldn't find a definitive answer.
01:09According to their income statement, they're a going concern,
01:12meaning that they expect to be profitable for the foreseeable future.
01:15So that means that the remaining $150 million was probably reinvested back into the business.
01:22I'll be honest, though, I didn't expect Mozilla to be this big of a business.
01:27I always thought that they were just a small team of developers that were trying to compete with Chrome.
01:33But seeing how big they've gotten, I think they're in a pretty good position moving forward.
