this post was submitted on 17 Jun 2024
618 points (98.1% liked)
Technology
59168 readers
2011 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Really wish they transitioned to a "Not-for-profit" structure, rather than non-profit. Non-profits can still be profit driven, sadly.
They specifically chose non-profit because it allows them to remain profit driven, and continue to run the company as they have. The non-profit is the main shareholder now, and required by law to act in the interest of its founding principles. They basically did this for PR, because now, working in their customers' best interests is mandatory, and they are protected against hostile takeovers
Weren't they protected before? Afaik their major shareholder was the Swiss government.