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Josh Universe :goldverify: to Technology@beehaw.org • 6 months ago

Mastodon’s founder cedes control, refuses to become next Musk or Zuckerberg

storage.science.social

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Mastodon’s founder cedes control, refuses to become next Musk or Zuckerberg

storage.science.social

Josh Universe :goldverify: to Technology@beehaw.org • 6 months ago
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Mastodon’s founder cedes control, refuses to become next Musk or Zuckerberg

https://arstechnica.com/tech-policy/2025/01/mastodon-becomes-nonprofit-to-make-sure-its-never-ruined-by-billionaire-ceo/

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  • @WaterSword@discuss.tchncs.de
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    8•6 months ago

    OpenAI is a for profit company, owned by a non profit. External investors can invest in the for profit subsidiary, but it is still owned by the non profit. Investors are only allowed a capped amount of profit. (The capped amount is still bajillions afaik). But the for profit is legally bound to follow the non-profit’s mission.

    • @lily33@lemm.ee
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      6•6 months ago

      https://gizmodo.com/to-further-its-mission-of-benefitting-everyone-openai-will-become-fully-for-profit-2000543628

      • jlow (he/him)
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        3•6 months ago

        To Further Its Mission of Benefitting Everyone, OpenAI Will Become Fully for-Profit

        I wonder if there’s a single person out there who can’t see that this sentence / sentiment is complete dogshit (including the thief who said it).

      • @WaterSword@discuss.tchncs.de
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        2•6 months ago

        I didn’t know that! Thanks for the article

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