How Open Source Became The Default Business Model For Software

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Since its inception in 1998, open source has become the de-facto standard for software development and proven itself as a viable business model. While making source code freely available for redistribution and modification may seem counterintuitive, the success of companies like Red Hat and Canonical are proof that an open source model can turn a profit.

Investment from multinational, enterprise companies like Google, Facebook, and Adobe, points to the growing value of open source and its longevity. It should come as no surprise: at the heart of open source is fast-paced innovation in the form of collaboration and knowledge sharing. When everyone is encouraged to work together, the rate of progress is greatly increased.

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