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The concept is explained much better in the link, but TLDR: People are trying to organize and crowdfund the purchase of spirit airlines assets with the goal of running it as a worker owned business similar to winco or rei. Seems at least tangentially relevant to this community

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[-] MrFinnbean@lemmy.world 2 points 3 weeks ago

Largest market chain where i live is run like this.

A consumer cooperative (or customer-owned cooperative).

Its a business owned directly by its customers, who usually become members by paying a small membership fee. Profits are returned to members as bonuses, discounts, or dividends, and major decisions are made democratically, but there is the normal corporate hierarcy running the day to day operations.

this post was submitted on 04 May 2026
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Work Reform

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