3 ms·
They aren't a non-profit, haven't been since 2019. They may market themselves as non-profit but they are in fact a for-profit corporation with a 100x return ca
by iepathos 3y ago
They aren't a non-profit, haven't been since 2019. They may market themselves as non-profit but they are in fact a for-profit corporation with a 100x return cap. Microsoft is currently their largest investor. Profit capped at 100x means microsoft expecting to get $1.3 trillion back on their $13 billion investment. The board ultimately answers to its investor and employee stakeholders since it isn't a non-profit.