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> This is still not exactly straightforward to turn into a charity, but it's more realistic than if it was at the point where it was sitting on $700m of VC inve
by morgante 11y ago
> This is still not exactly straightforward to turn into a charity, but it's more realistic than if it was at the point where it was sitting on $700m of VC investments...
If you think VCs more likely to accept their investment turning into a non-profit than public market investors, then you've never interacted with stock investors.
Twitter trying to turn into a non-profit would lead to a class action lawsuit for breach of fiduciary duty. Guaranteed. (If they even got that far without the board and CEO getting replaced.)