4 ms·
> philosophy of creating profitable business models to provide public goods that are traditionally the realm of governments or charity Unless we're talking abo
by andreyf 11y ago
> philosophy of creating profitable business models to provide public goods that are traditionally the realm of governments or charity
Unless we're talking about B-corp's [1], such a philosophy is not compatible with the legal responsibility a corporation has to its shareholders.
1. https://en.wikipedia.org/wiki/Benefit_corporation https://en.wikipedia.org/wiki/Benefit_corporation
- marcoperaza 11y agoI don't think this is true. The B-corp just gives shareholders a cause of action in court against management for not pursuing the social objectives of the company. A corporation is free to pursue any lawful interest. Here is a good article about this: http://www.nytimes.com/roomfordebate/2015/04/16/what-are-corporations-obligations-to-shareholders/corporations-dont-have-to-maximize-profits http://www.nytimes.com/roomfordebate/2015/04/16/what-are-cor...
- andreyf 11y agoInteresting. In this particular case, though, Free Basics is designed in a way that allows Facebook to track what content is being accessed, without any explanation as to why, aside from the obvious incentive of being able to use that browsing data to create user models. An advertising giant offering "free internet" with the ability to MITM and track https connections is hardly charity.