Gregory's Server@cwebber @bnewbold Your critique seems fair, if not generous.
"Bluesky is a Public Benefit Corporation, which means..."
...arguably less than actual promises to the users, which are easily bent and broken, at little reputational cost.
One thing that LiveJournal did early on was have a list of about ten promises to its users on its website. Between about '00 - '03, these promises were repeatedly watered down, bent, and broken, until dispatched entirely with the VC-backed SixApart acquisition. 🧵
@cwebber @bnewbold From what I can see, public benefit companies going public are a new trend. Laureate Education did so, for instance.
But despite its lofty principles, they were involved in a big scandal, this one not long after their incorporation.
(Machine translated from Portuguese.)
Ultimately, money and profit make the ethical decisions in VC-backed companies. /2
https://apublica-org.translate.goog/2019/05/professores-acusam-laureate-de-forjar-documentos-para-obter-o-reconhecimento-de-cursos-ead-no-brasil/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en
@cwebber @bnewbold From what I can see, public benefit companies going public are a new trend. Laureate Education did so, for instance.
But despite its lofty principles, they were involved in a big scandal, this one not long after their incorporation.
(Machine translated from Portuguese.)
Ultimately, money and profit make the ethical decisions in VC-backed companies. /2
https://apublica-org.translate.goog/20