Bonum Certa Men Certa

Linux Foundation Revenue Plunges ($18,000,000 Decrease in One Year) and Jim Zemlin's Wife Has Her Company Sued for Securities Fraud (Class Action)

The fraud that the Linux Foundation has become isn't quite what it seems or what it's called; nor is the company of Sheela Microsoft (Zemlin), where she is Chief Revenue Officer, defrauding a lot of people

Sheela Zemlin: SEC form
Source page from the SEC



Summary: The Linux Foundation is truly struggling during this pandemic and the business of its chief's wife not only collapsed; it seems like a fraud and there are major lawsuits

LATELY we have been writing about the Zemlins a great deal in light of the fact that the company of the wife, closely connected to Microsoft, had collapsed. Upon close inspection the company isn't only in financial trouble but also in serious legal trouble.

But we'd like to begin this post by talking about the Linux Foundation. We shall revisit this subject another day as we're still trying to locate the original (PDF) copy from the IRS. Once we have it we'll make a local copy of it and annotate the relevant bits.

Want some spoilers?

Revenue of the Linux Foundation is down by $18,000,000 but salaries increased 10% in the same year!! Jim Zemlin now gives himself a total salary of nearly 1.2 million dollars for the year (i.e. that salary nearly doubled in just a few years).

Is the Linux Foundation a "fraud"? That certainly depends on which formal definition of fraud one chooses. In our eyes, for a number of different reasons, Mr. Zemlin is what many casually dub "charlatan and fraud", lying about his credentials to advance in life and sell scams.

"Revenue of the Linux Foundation is down by $18,000,000 but salaries increased 10% in the same year!!"Does one charlatan and fraud attract another charlatan and fraud? Seems probable. Such people can relate.

Who does it favour if a charlatan and fraud runs the Linux Foundation? Foes of Linus (and Linux), obviously. They want hostile actors in charge of the person and the project, flexing their muscles every now and then (whilst openly rejecting Linux). Maybe Mr. Zemlin thinks Microsoft is a puppy that is loved by us. Maybe his wife tells him that. But he's wrong. They're both wrong. They are harming Linux while promoting stuff like Microsoft's GitHub, which is not only an attack on Linux but also an attack on Git and on Open Source/Free software in general.

Microsoft "pisses off and/or stabs in the back everyone eventually," an associate said today, "at least anyone that pays attention will notice either or both events gaming has been one of the ways that Microsoft marginalized Apple in addition to blocking desktop GNU/Linux. If it weren't for an addiction to top titles, which are Microsoft-only, many would have drifted away starting 20 years ago increasing over time. The inability to play games has been used repeatedly as an excuse especially in the business community, which should be ironic as hell."

Jim Zemlin is still not using Linux and he does not seem to think that this is a problem. In the meanwhile he's emptying the coffers of goodwill, giving himself massive salaries (he created nothing himself!) to the point where these coffers are a net loss. According to the latest IRS filing (that we caught a glimpse of but cannot download), the coffers lost almost 20 million dollars in revenue in just one year. What does Sheela Microsoft, a "Chief Revenue Officer", have to say about this massive loss of... revenue?

Earlier today we wondered, if when Jim Zemlin and Microsoft Sheela started dating GNU/Linux had already been very mainstream (and she disliked it back then) we cannot assume she has changed her mind since then, so she will reinforce bad policies in "pillow talk". Remember that she has worked for several consecutive companies that are closely connected to Microsoft.

"Remember that she has worked for several consecutive companies that are closely connected to Microsoft."So the wife of Jim Zemlin is a Microsofter and she never really liked Linux. "She would not change her mind and might even work harder to subvert and damage it," an associate told us today. In fact, from Jim Zemlin's stories (told several times both in text and video), it's clear he was the one wooing her and she was impatiently just looking at her watch while they dated, looking for a way out. She is judging people by nothing except money, just like her (soon) husband. This is not compatible with the ideals of the Linux development community, especially not its users.

As we noted here some days ago, the company where she is an executive managed to fall from $50+ per share (post IPO) to almost nothing (quick slide downwards to about $2 within weeks or months). The Chief Revenue Officer probably has a 7-figure salary and we know at whose expense.

She nowadays 'hides' her twitter account, whereas her husband deleted all of his tweets last year (strange behaviour unless one hides from his/her own words).

Looking deeper into the company of Sheela Microsoft, it turns out they're in trouble and one can find evidence of that in the public domain. About the IPO, an associate said that "it's a religion of sort," as "IPO are mostly when the company's principals decide to bail and cash out. Many companies have no purpose (and no result) other than an IPO spike like Bakkt demonstrated. It's a handout for those that got in prior to the IPO and were in a position where they were able to sell in hours. Those chumps in the company that had stocks which they were forced to retain got taken to the cleaners."

This is exactly what happened there. And her husband gloated about her career there only months ago, in public.

"It's not special in any way, not even in its catastrophic failure," the associate said. "That is part of a common, established pattern."

From a recent comment: "So this one also typical pump and dump down from 50 without bad news this is not a correction but 15-16 might me good opportunity to buy we shall see..."

That's an understatement ("we shall see") about what soon becomes a penny stock.

There's this lawsuit and investigation, proceeding rapidly.

"Looking deeper into the company of Sheela Microsoft, it turns out they're in trouble and one can find evidence of that in the public domain."A lot of real money (not the fake currencies they've been flaunting) gets lost and and there's a "Securities Fraud Lawsuit" building up. According to this, it's a class action. "The deadline to join the class action suit passed more than a month ago," our associate noted.

So it is moving forward already. Regarding the Linux Foundation, we've decided to wait for a bit and gather more information, though it seems crystal clean, based on the Linux Foundation's own admission, that it lost a lot of revenue. It's not in the IRS site yet, but there are ways around it, revealing that the Linux Foundation's revenue fell by nearly 20 million dollars. "The IRS has provided extracted financial data for this filing, but has not yet released the source documents," it says.

"In a future part/post we'll hopefully have the full IRS statements."At Bakkt, the revenue is 39 million dollars and net income is -183 million dollars, i.e. the losses are far higher than any revenue.

"At the end of the day there is unlikely to be anything special about Bakkt," our associated cynically noted, "it might be a garden variety pumpanddump undergrad business school project."

In a future part/post we'll hopefully have the full IRS statements. "If showing salaries," an associate said. "please be sure to compare the salaries of the deadweight to those that actually bring home the bacon."

As noted above, Jim Zemlin's salary went up sharply while the Foundation lost a lot of revenue. Shades of Mozilla, whose CEO seems to be undermining Firefox for Google's gain.

"Maybe some background about the original purpose of OSDL / Linux Foundation is in order," the associate said. "Also, what is its current charter. Don't let anyone assume anything based on the name."

"Finally, at least for the time being, please stay tuned because we might find a way to bypass the absence of a PDF."The Linux Foundation's loss of revenue (also reputation loss) harms the idea that people should confide in this current strategy. Based on recent developments, they nowadays replace events with diploma mills (especially these past 2 years) and then bribe publishers to promote the scammy "diplomas". Last week they promoted these with the controversial World Bank (WB). The IRS disclosure happens to validate what we said about them turning to diploma mills.

Finally, at least for the time being, please stay tuned because we might find a way to bypass the absence of a PDF. The Bill Gates-bribed ProPublica outsourced its tool to proprietary software of Microsoft (MSFT), so short of playing with GitHub GUIs and mazes we cannot quite put the data together for neat, formal presentation. This is part of a disturbing pattern; the Linux Foundation itself outsources far too many things to Microsoft and "clown computing". It's good that they still have kernel.org, but that's about it. Its presence online, including its site, has been outsourced to proprietary software. That's clearly not compatible with its original mission.

IRS LF
What are the diclcosure obligations? Why is it taking so long? "IPO are mostly when the company's principals decide to bail and cash out," an associate said, and one must remember that Sheela Microsoft had also worked for other Microsoft partners -- ones that are paid to lie for Microsoft and the EPO.

Recent Techrights' Posts

For the First Time in a Month OSI's "OpenSource.org" Blogs and It's Basically a Microsoft Blog Post (Microsoft Controls OSI)
For the first time in a month OSI writes something and it is Microsoft propaganda composed by a Microsoft-salaried operative
Microsoft, Already Borrowing 3 Billion Dollars a Month, is Trying to Cause Many People to Resign
MSN (i.e. Microsoft) and others openly admit it
They Want Activists to Just Barely Walk and Eat, Not Do Activism Anymore
It's sort of like the ending of '1984'
Non-Free JavaScript Programs in Banks Aren't Even the Biggest Problem
Technology was supposed to make life easier; in practice, however, for most of us the opposite effect can be observed
IBM is Obliterating Fedora
"Fedora releases were shipping with an increasing number of bugs on launch day even while I was using it for a several year stretch."
 
Links 07/08/2025: US Punishes India Instead of Russia, Attacks Law Firms to Prevent Scrutiny
Links for the day
Read Us in Geminispace as Well
it's definitely a lot simpler than using a Web browser
Once a Site About BSD and GNU/Linux, and After Months of Silence, LinuxBSDos.com Comes Back Only as a Slopfarm
very frustrating
Links 07/08/2025: Hardware Wars, Mass Recall of Colgate Total Clean Mint, More Microsoft Holes Found
Links for the day
Gemini Links 07/08/2025: "Right To Manage" and LoRa Analysis
Links for the day
GAFAM 'Says' is Front Page "News"
The point of journalism is to check and assess facts, not parrot what people and companies merely claim
Links 07/08/2025: Apple Makes False Promises, More Trouble for Microsoft
Links for the day
OSS Didn't Always Mean Open Source Software
"oligarchs all the way down"
The Register MS Does More Microsoft Sez or GitHub Sez (Says) Pieces
60 minutes ago
Quit Perpetuating the Narrative of Gemini Protocol 'Dying' (It's False)
The "whisper campaign" against Gemini Protocol
Criticising Social Control Media in Social Control Media
Many people are quitting Social Control Media (fewer of them announce this in public)
Slopfarms Are Typically Fake News
Slopfarms typically relay falsehoods
Gemini Links 06/08/2025: Replacing a Pocket Watch and Buying in Bulk
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, August 06, 2025
IRC logs for Wednesday, August 06, 2025
August Hits Microsoft Hard: Dead Divisions, Dead Products, Layoffs Again (on Week 1)
Microsoft's debt is soaring
Slopwatch: Slow Day for LLM Slop, Serial Sloppers Still at It in Their Slopfarms
The Web would be better off if those sites went offline
Red Hat Layoffs Expected in 5 Days (Monday)
"They will announce and proceed with the cuts on 08/11."
Links 06/08/2025: Substack in Trouble, Slop Sceptic Shira Perlmutter Seeks Emergency Injunction Pending Appeal
Links for the day
Gemini Links 06/08/2025: Pinephone, Reverse-Engineering, and More
Links for the day
Links 06/08/2025: Faked Values of Slop Companies and Government Bailouts
Links for the day
FOSSY 2025 Conference Safety
The GAFAM-funded FOSSY 2025 is over
Microsoft's Favourite Pay-to-Say 'Analyst' Firm Has Just Collapsed
'Analysts' that helped propel Microsoft to fictional values akin to Ponzi schemes
Ask Google (Jeeves)
What does Google "know", not know, or would rather forget (or embellish)?
They Want You To Talk About Trump or 'The Other Bill' in Relation to Trafficking of Underage Girls for Sexual Exploitation
Just something we wanted to say...
How to Quadruple Your "Goodwill" Value and Grow Your (Wall) Street "Value" From $152B to $4000B Without Producing a Single Successful Product/Service
The longer it goes on for, the bigger the implosion will be
Staying Productive
Two very reputable institutions recently told us they now reckon Microsoft is somehow funding those SLAPPs against us
A Blow for Patent Ambitions of Bill Epsteingate
It's about money
66 Countries Where More People Use iPhones (or iPads) Than Microsoft Windows, According to statCounter Data
a list of countries where iOS now exceeds Windows
Apple's iOS Bigger Than Microsoft Windows in Many Countries
This ought to alarm Microsoft
The Mainstream Media Talks About Spotify Share Price and Price Hikes, Not Its Debt Increasing by About 33% in Just 12 Months
Spotify isn't a company in good shape
New "US Editor for The Register" is 80% Microsoft and Windows
they typically just treat Microsoft like the "Holy Grail" of "IT"
Microsoft is Apparently Sending Gag Orders or NDAs to Staff That Got Laid Off (“We were told not to post on LinkedIn. Not to say anything.”)
The main lies we keep seeing
Richard M. Stallman Has Published AI Memos Since 1980 (45 Years Ago)
Back when the term AI actually meant something
Gemini Links 06/08/2025: BitTorrent and Feedly Bots
Links for the day
Windows All-Time Lows, Android All-Time Highs in Kuwait
New lows for Windows can be found in many countries this month
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Tuesday, August 05, 2025
IRC logs for Tuesday, August 05, 2025
Openwashing Slop... Using Slop!
So get ready for "open" "hey hi" with its proprietary models to engage in openwashing, helped by serial sloppers who use the LLMs to produce fake 'articles'.
On "Tragedy of the Commons in the Production of Digital Artifacts"
There's a better way to do things. None of that should involve GAFAM.
Gemini Links 05/08/2025: Opel Zoo near Frankfurt and Alhena 5.2.5
Links for the day
The Inflammatory Influence of Social Control Media Giants
CPC's ByteDance says it's cool
Microsoft v Planet Earth
Is Microsoft profitable?
IRC Turns 37
Internet Relay Chat (short: IRC), which started in 1988, turns 37 this month
Shortly After a Microsofter Took Over The Register as Editor in Chief Microsoft Tim (Tim Anderson) is Back and It's Still Microsoft Propaganda, Sometimes Funded by Microsoft
Notice his focus
Stricter Enforcement of Worker Adjustment and Retraining Notification (WARN) Act is Sorely Needed
Who's keeping track anyway?
Calling Plagiarism "Intelligence" is Pure Genius, Brilliance!
One thing to "like" (or dislike) about LLMs is how they're falsely marketed using various buzzwords
Geminispace Promises Simplicity But Also Provides a "bunch of forums that get flood-filled by agitation against the very essence of Gemini itself"
claims of stagnation in Geminispace started because of a person who spent a long time agitating against GNU/Linux as well
Zimbabweans Aren't Into Windows or Microsoft
This cannot be good news for GAFAM
Microsoft's Washington Layoffs Aren't Everything, They're Definitely Not Happening in Just One State in the US
Washington is just more strict with WARN notices
Gemini Links 05/08/2025: Lagrange v1.18.6, No Stagnation in Geminispace, and Fake Coding (Slop)
Links for the day
The Register's Editor in Chief (Who Left for Google) Told Me "AI" Was a Bubble, But Now The Register Gets Paid to Participate in Inflating This Bubble
A lot of the online media is a scam
The Register is Desperate for Money, According to The Register
I decided to check how they're doing as a business
Some Cola Formulas Aren't Secret, But the Barrier is the Branding
That's the power of the channel/distribution, marketing, and brand recognition (accomplished through endless marketing)
Introducing Mission:Libre and FreeXR (and BreakXR)
efforts that accompany the foundations put there by the Free Software Foundation in 1985
Slopwatch: WebProNews, LinuxSecurity, and Some Success Stories
Google News still has a slopfarm issue
Links 05/08/2025: Hey Hi (AI) Passing Fads and GAFAM "Embracing the Military"
Links for the day
Links 05/08/2025: Samsung and Microsoft Layoffs
Links for the day
Rumours of Mass Layoffs at Red Hat Next Week (August 11th, 2025)
The eleventh means next Monday
IBM is Shutting Down (Piecewise)
IBM is basically being liquidated
The Debian Language Police Department (PD)
"there has never been complaints about anyone that was offended by this -off package"
Tesla's Debt More Than Doubled in 2 Years and the Company Will Operate in the Red (at a Loss) Quite Soon
If your first-quarter net income is $409 million and you borrow billions from banks, plus interest to pay on those loans, then you're not far from returning to losses
When The Register MS Says "Linux Backdoor" It Actually Talks About Malware
The leading story in The Register US/MS this morning is Microsoft
Microsoft Windows Fell to 19% "Market Share" in Montenegro
Microsoft must be well aware of this trend
Why We Also Include Gopher Links in Our Gemini (Protocol) Links
There are still many people who use Gopher to relay their messages (like blog posts). They're mostly technical people.
Shouting is an Indication of a Lack of Convincing Argument
Beware what they are attempting to distract from
Mongolia: Microsoft Windows at All-Time Low
in 2009 when Windows was at 99.45% in Mongolia the company was "worth" less than 200 billion dollars
About a Quarter of Today's "linux" News in Google News Came From One Domain and It's a Slopfarm
Not kidding!
Gemini Links 05/08/2025: Zombie Threat and Switching to NixOS
Links for the day
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Monday, August 04, 2025
IRC logs for Monday, August 04, 2025
ChatGPT in Trouble
Watch out for the newer buzzwords
The Register MS Links to the Wrong statCounter Page
They link to older data
Dr. Andy Farnell Explains How Google Turned From "Librarian" Into "Oracle", Telling Us What to Think Instead of Where to Look
Google was always a lousy librarian
Microsoft Layoffs Continue in August 2025
If Microsoft is doing so well, how come about 10 rounds of layoffs in about 7 months in 2025?