Gregory's Server
@atomicpoet BlueSky is a profit-driven business like Twitter and Meta?
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2 comments
It's actually incorporated as a Public Benefit LLC. They're somewhere between for-profit and non-profit in that they are allowed to make money and must pay taxes but the board is bound by terms in the covenant/mission at time of incorporation instead of having a fiduciary duty to maximize shareholder value. Mostly it protects CEOs from getting sued by shareholders for suboptimal decisions. |
@manlycoffee @atomicpoet Yup. I don't think that was ever in question. It was always intended to be "monetized". BlueSky and Nostr are particularly popular with the crypto crowd who are into everything being monetized.