yeah I’m aware… doesn’t really refute anything I said. If he holds a share then he can do what any investor can do and how much he can do depends on how big his share of the company is.
yeah I’m aware… doesn’t really refute anything I said. If he holds a share then he can do what any investor can do and how much he can do depends on how big his share of the company is.
Natanael@infosec.pub 2 weeks ago
No, public benefit corporations specifically don’t work like that. They’re comparable to non profits in that manner
73ms@sopuli.xyz 2 weeks ago
They’re not. In practice PBC status doesn’t really limit them very much at all and is nothing like nonprofit.
Natanael@infosec.pub 2 weeks ago
That really depends on the state and company bylaws. It’s not just a label.
bsky.social/about/faq
The existing team (which jack isn’t on) owns it, and nobody from Twitter has influence over it
73ms@sopuli.xyz 2 weeks ago
It’s not just a label but it guarantees practically nothing because it only means they are allowed to consider things other than shareholder profit. It doesn’t in any way ensure that they do and a PBC is mostly treated just the same as a for-profit company.
Obviously it isn’t just the team that owns Bluesky at this point since they have had multiple rounds where they’ve raised venture capital. That is an old bit of information that I think they still have up on the site despite it being both vague and obviously false.