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The blog post states that Pinboard makes around $200k a year but they charge only a one-time fee of $10. Does that mean they get 20k signups each year? Does Pinboard display ads or is there another business model behind it?

No ads. You have the option of archiving all your bookmarks for $25/year.

https://pinboard.in/tour/#archive

Pinboard supports archiving and text searching the content of your links for $25 per year.

I didn't even know this, and I 'bought' it really early on. Thanks for letting me know - I've now signed up for the extra service!

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