3 ms·
Can't wait to see the contortions Altman pulls to retain a Zuckerberg-tier grip on the company, they'll put Cirque do Soleil to shame.
by CatWChainsaw 2y ago
Can't wait to see the contortions Altman pulls to retain a Zuckerberg-tier grip on the company, they'll put Cirque do Soleil to shame.
- TZubiri 2y agoIt's not that hard we just have the original not-for profit and then a non-profit llc, and then 503c, all of that gets grouped under a Hybrid profit holding, which funds the PBS but has no ownership relationship. Meanwhile a sister L3C invests in the original NFP without profit motives, but retains call stock options WITH voting rights (only if the option is NOT executed). The for profit LLC is just a holder of the stock and IP in Ireland, nothing suspicious about it, do not concern yourself with this entity. Source: I made it up