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View all comments 15 points
Why are we looking at revenue? We don’t know the operating costs. What are the profit margins?
24 points
According to Wikipedia, in 2022 Elsevier’s revenue was 2.909 billion pounds and their net income was 2.021 billion pounds.
Not going to bother looking up the rest.
8 points
3 points
Alright but look at how much they pay the authors. What other business pays ZERO dollars for their core product?
1 point
None, but science isn’t a business. Treating it so creates perverse incentives where an articles is reviewed by merit of its financial gain and not its content. Some people already do this by prestige alone, but adding money to the mix won’t improve this imo
2 points
So it’s acceptable for Elselvier et al to milk academics blind? At the minimum, authors should not be charged.
