4 ms·
They are a non-profit organization owning a for profit corporation making tens to hundred millions dollars a year selling users data to search engine. Notably
by bigbugbag 9y ago
They are a non-profit organization owning a for profit corporation making tens to hundred millions dollars a year selling users data to search engine.
Notably this non-profit organization had provisioned $15 millions anticipating that the IRS might get into how a non-profit was actually for profit, it eventually happened and the foundation ended up getting a $1.5 million fine for their google income before setting up the for profit corporation scheme[1].
[1]: https://www.theregister.co.uk/2010/11/18/google_still_mozilla_sugar_daddy/ https://www.theregister.co.uk/2010/11/18/google_still_mozill...
The non-profit organization foundation