Public transport which is notoriously bad at making profits, all around the world.
Sorry, but this comes across as a bit of a silly conspiracy theory, by people who can't be bothered doing basic research.
Bad at making profit doesn't necessarly means you're not-for-profit.
Also from the article:
"What they told people at the time was we're going to use this data to improve services. But now thanks to [Sky News] investigative reporting, we find out that it's partly to improve the services, but also it's to exploit people's data for revenue, doing advertising."
Sky News hasn't really done any investigative reporting here, the information is publicly available and most interested people knew about this project years ago.
Just seems a bit stretched. never-gonna-profit
"Remuneration of board members
The basic fee is £16,000 per annum. Additional fees are paid for each appointment to a Committee or Panel, up to a maximum payment of £20,000 per annum"
https://tfl.gov.uk/corporate/about-tfl/how-we-work/how-we-ar...
25% of their funding seems to come from Government grants. £2.6 billion. That should be covered easy by the tax revenue London generates.
Especially so, since there's apparently a £26.5 billion tax surplus that goes out the capital to less well off regions: https://www.theguardian.com/business/2017/may/23/uk-budget-d...
So what are you complaining about exactly?