Elsevier 2018 profit margin: a whopping 37%
"In other words, every time we pay a $3000 article processing charge, only $1800 supports the publishing process, while the remaining $1200 goes directly to Elsevier shareholders." @MullinsLabhttps://www.molbiolcell.org/doi/full/10.1091/mbc.E19-03-0147 …
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indeed and this is also clearly stated in this perspectivepic.twitter.com/MWBW81Poue
In fact, a lot of society journals are published _by_ the big for-profits. And some societies make an enormous amount of money. The ACS revenue is on the order of half a billion dollars a year.