Follow

gofundme (the company) critique and analysis 

I'm looking into some stuff about gofundme. I might write it all up if I can work through my analysis more fully. My thesis i that gofundme is gig economy work with exploited workers selling charity as consumerism. Some interesting stats:
* GoFundMe was valuated a couple years ago at $1 billion
* Btwn 2010-2020 they made ~$29mil a year
* The avg campaign makes $400
* After GFM fees that would mean $15/hr if the fundraiser does ~24hrs of work on it

· · Web · 2 · 0 · 4

gofundme (the company) critique and analysis 

that 24hrs of work would include campaign creation, social networking, messaging, setting up bank transfers, updating the campaign and so on.

So this billion dollar company has a gig workforce who is struggling just to survive on very little, and the company profits tens of millions of dollars.

gofundme (the company) critique and analysis 

@polymerwitch are the fees on gfm? I thought it was only voluntary donations?

gofundme (the company) critique and analysis 

@maloki each donation has a fee of 2.9% plus a CC fee of $0.30

gofundme (the company) critique and analysis 

@maloki so they can say the fundraisers aren't charged, because technically only the donors are. ... but what is really the difference? The fundraiser is still putting in the work that brings the donor fees to GFM

gofundme (the company) critique and analysis 

@polymerwitch yeah. fair. I legit didn't realize.

When it's voluntary donations I usually turn it down to 0.

Thank you.

gofundme (the company) critique and analysis 

@maloki GFM also has an option for to tip the company. That is on top of the 2.9%+$0.30 that they take automatically.

Sign in to participate in the conversation
Mastodon

This is a single user instance used by polymerwitch. Checkout my bio and my commitment to the fediverse for more info.