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But it's not exactly a company. It's a nonprofit structured in a way to wholly own a company. In that sense it's like Mozilla.
by nextaccountic 3y ago
But it's not exactly a company. It's a nonprofit structured in a way to wholly own a company. In that sense it's like Mozilla.
- karmasimida 3y agoNonprofit is a just a facade, it was convenient for them to appear as ethnical under that disguise, but they get rid of it when it is inconvenient in a week. 95% of them would rather join MSFT, than being in a non-profit. Did they company change? I am not convinced.
- ravst3s 3y agoAgree that it's a facade. Iirc, the NP structure was implemented to attract top AI talent from FAANG. Then they needed investors to fund the infrastructure and hence gave the employees shares or profit units (whatever the hell that is). The NP now shields MSFT from regulatory issues. I do wonder how many of those employees would actually go to MSFT. It feels more like a gambit to get Altman back in since they were about to cash out with the tender offer.
- dizzydes 3y agoDoes it actually prevent regulators going after them?