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From the QuirksMode article linked elsewhere here:

Is Flow open source?

It’s not. There’s no current plan for that as we don’t have a large corporation backing our development.

This doesn't make much sense... why not simply say then "because we don't want to"?

It gives a reason why they can't run it as a loss leader.

Agree. They could though do a classic dual license with an open version being some kind of AGPL or similar a strict copyleft license and the closed proprietary version be one without copyleft restrictions.

Oh. Not interested then.

While I usually don't dismiss closed source software, for a browser this is quite a hard pass. There are just too many ways one could be exploited for it to be using security through obscurity. Especially since they are not a large company.

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