this post was submitted on 27 Sep 2024
1339 points (99.4% liked)
Technology
60067 readers
5730 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 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Take the hat off. This was the goal. Whoops, gotta cash in and leave! I'm sure it's super great, but I'm gone.
That's an excellent point! Why oh why would a tech bro start a non-profit? Its always been PR.
It honestly just never occurred to me that such a transformation was allowed/possible. A nonprofit seems to imply something charitable, though obviously that's not the true meaning of it. Still, it would almost seem like the company benefits from the goodwill that comes with being a nonprofit but then gets to transform that goodwill into real gains when they drop the act and cease being a nonprofit.
I don't really understand most of this shit though, so I'm probably missing some key component that makes it make a lot more sense.
Life time of propaganda got people confused lol
Nonprofit merely means that their core income generating activities are not subject next to the income tax regimes.
While some non profits are charities, many are just shelters for rich people's bullshit behaviors like foundations, lobby groups, propaganda orgs, political campaigns etc
Thank you! Like i said, i figured there's something I'm missing--that would appear to be it.
Non profit == inflated costs
(Sometimes)