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Raspberry Pi becomes a public company (www.theregister.com)

submitted 5 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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[–] fine_sandy_bottom@discuss.tchncs.de 0 points 5 months ago (1 children)

It was some kind of non-profit previously right? What happens with the money paid for the shares they floated?

[–] Veraxus@lemmy.world 0 points 5 months ago (1 children)

I think they’re playing the same game OpenAI is. Nonprofits can “own” for-profits.

No, it’s not rational or ethical or reasonable, but it’s a thing, because Capitalism gotta Capitalism.

[–] NostraDavid@programming.dev 0 points 5 months ago (1 children)

Nonprofits can “own” for-profits.

One of the saner reasons for this structure is that the non-profit owns the things the for-profit works on. If the for-profit goes under, all things are still owned by the non-profit, so some large tech company can't swoop in and yoink anything available.

This includes any and all data generated by the for-profit, which means your data is "safe".

[–] Linkerbaan@lemmy.world 0 points 5 months ago

The non-profit could sell the for-profit, or it would inherit the debt of the for-profit if it didn't bankrupt it.