retiolus@lemmy.cat to Privacy@lemmy.ml · 16 days agoProton is transitioning towards a non-profit structureproton.meexternal-linkmessage-square97fedilinkarrow-up11arrow-down10cross-posted to: technology@lemmy.world
arrow-up11arrow-down1external-linkProton is transitioning towards a non-profit structureproton.meretiolus@lemmy.cat to Privacy@lemmy.ml · 16 days agomessage-square97fedilinkcross-posted to: technology@lemmy.world
minus-squareBlisterexe@lemmy.ziplinkfedilinkarrow-up0·16 days agoSeems like all that will change is the fact that all profits made will be reinvested in the company, im not an expert though, so i may be wrong
minus-squareJackbyDev@programming.devlinkfedilinkEnglisharrow-up0·14 days agoMany for-profit companies do this as well.
minus-squareMatt@lemdro.idlinkfedilinkEnglisharrow-up0·16 days agoProton will still be a for-profit company that will be majority-controlled by a non-profit. The non-profit will not own all of the business either, so there will still be profits going to shareholders.
minus-squarelps@lemmy.mllinkfedilinkarrow-up0·16 days agoWell that’s cool:). Remove the profit motive/surplus goes a long way to slow down evil.
Seems like all that will change is the fact that all profits made will be reinvested in the company, im not an expert though, so i may be wrong
Many for-profit companies do this as well.
But are they also required to do so?
Proton will still be a for-profit company that will be majority-controlled by a non-profit. The non-profit will not own all of the business either, so there will still be profits going to shareholders.
Well that’s cool:). Remove the profit motive/surplus goes a long way to slow down evil.