Bean Counting. Captive audiences are always at risk of extortion.
> Aren't they just hosting some pdfs
The internet has been happy to provide that particular component of their empire for free.
> keeping editors on staff to look over the papers?
That's mostly outsourced (for free) to other researchers.
I think the main work they do is to lie about accepting LaTeX and scraping the PDF output instead so as to introduce new errors into articles.
If it costs $1000 to publish a scientific article, your first task is to fire everyone involved in publishing.
The review of the scientific papers is done by volunteers, almost without exception. Most organizations expect camera-ready results. Few people want physical paper anymore; they're too inconvenient. PDF, please.
What we're talking about is "put a PDF on a static website, so that search engines can find it". The price actually necessary is vanishingly small. The prices here reflect the fact that various organizations have managed to gain exclusive rights over results they didn't fund to develop. Since there's a strong demand and a monopoly on supply, prices skyrocket. Econ 101.
”PLOS offsets publication expenses – including those of peer review management, journal production and online hosting and archiving – by charging a publication fee, also known as an Article Processing Charge (APC), to authors, institutions or funders for each article published.”
Their cheapest journal is PLOS One, at $1.595 per article.
Also, ”Manuscripts submitted to PLOS Special Collections may incur an additional fee”, which seems t be between $500 and $1.000
I think it would be more accurate to call them "controversial", at best, rather than "lauded" or "celebrated", even here on HN.
To be fair, though, I don't think the controversy has tended to stem from them not providing/creating value and merely being rent-seekers. Rather, it's tended to be more regulatory issues (especially with AirBnB and the "gig economy"). Yelp may be the most notable exception, as it's in hot water for alleged extortion, which is easily rent-seeking, its content is user-generated, and it depends on popularity, if not the network effect.
That said, with all those startups, it's relatively easy to point to what they actually do that's of non-trivial value to their users and/or customers. With Elsevier, that's hard to identify, presumably because it simply doesn't exist.
EDIT: "Infrastructure and procedures to publish" is extremely thin, IMO. Procedures are just a one-off document, and something the authors and the volunteers that they outsource to do, not the "publisher". As for infrastructure, I'm willing to believe it, but, so far, all I've heard is that they just take papers and send them back out, without providing anything like publishing tools.
Imagine amount of work done by a single AirBnB host to maintain his/her property, taking bunch of risks and trying to make whole transaction successful. In what world AirBnB is eligible to get 30% of that labor for merely allowing to insert a database entry in to their system? This whole trend was popularized by Steve Jobs where Apple is somehow eligible to get 30% cut for mere privileged of publishing app on their platform. Much of the reviews they do is automated and tiny amount of labor involved is often housed in India (just like Elsewiser). For adding an entry in to database, there should be fixed price and businesses shouldn't be stealing 30% from other people's work.
It's not the publication that costs money.
Related essay: