this post was submitted on 30 Jan 2024
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Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus (arstechnica.com)
submitted 9 months ago by ptz@dubvee.org to c/technology@lemmy.world
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The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X." And while it's "an understandable thing" that Raspberry Pi enthusiasts could be concerned, "while I'm involved in running the thing, I don't expect people to see any change in how we do things."

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[–] billwashere@lemmy.world 17 points 9 months ago (1 children)

When their focus changed to more corporate aligned interests they became less cool. Victims of their own success I’d guess.

But this a politician’s answer. They just didn’t answer the question at all but implied that if we check back in 15 years we’d see that they had “our” best interests at heart.

Um no company has your back. They are all in it to make as much money as possible. I mean I don’t blame them but I don’t trust the em either.

[–] laurelraven@lemmy.blahaj.zone 10 points 9 months ago

I do blame them. Success does not require obscene profit. A company like that can actually be both successful and not sell themselves out like that.

If profit is a company's only motive, then I'm sorry, but that company has no real value or purpose.