The Mozilla Foundation has posted its financial statements and tax info for 2008, and a FAQ on the topic for those of us with short attention spans. While plowing through financial statements may not be the most exciting topic for Free and Open Source advocates, it's worth taking a look at what Mozilla has achieved as an independent project, where it's going, and how other projects might be able to emulate Mozilla's success to fund more and more FOSS development.

The good news is that, as of the end of their 2008 fiscal year, Mozilla is weathering the lousy economy pretty well. According to Mitchell Baker's post, reported revenues were up 5% from 2007, and the bulk of that revenue comes from the Firefox search functionality linking back to Google, Yahoo, Amazon, and eBay. But Moz got dinged by the financial crisis in 2008, losing nearly $8 million of its long-term portfolio.

Google is a company well-known for taking risks with various kinds of software projects, and the upcoming Chrome OS will be one of its most ambitious projects yet. The open source operating system, which Canonical and the Ubuntu team have contributed to, includes some bold gambles from Google. These include automatic wipes of the operating system with subsequent reinstallation whenever malware is detected, no hard disks on netbooks housing Chrome OS and more. GigaOm has the four big risks Google is taking with the new OS.

This week is a big one for open source browsers, which, as we've pointed out many times, are responsible for most of the innovation going on in the browser arena. The first beta version of Firefox 3.6 is available for Windows, Mac OS X, and Linux, and you can get it here. Meanwhile, Google has delivered a very fast new beta version of the Chrome browser, and it features bookmark syncing so that you can keep your bookmarks streamlined across multiple computers.