Being a non-profit is only “unprofitable” in so much as it won’t enrich anyone. But they do usually operate in the black. The original owner(s) just aren’t interested in selling out/cashing in, so they have reworked the company so that all profits are reinvested into the mission.
Because Proton has no venture capital investors, we can take this additional step to secure the future. Swiss foundations do not have shareholders, so Proton will no longer be dependent upon the goodwill of any particular person or group of persons. Instead, Swiss foundations and their board of trustees are legally obligated to act in accordance with the purpose for which they were established, which, in this case, is to defend Proton’s original mission. As the largest voting shareholder of Proton, no change of control can occur without the consent of the foundation, allowing it to block hostile takeovers of Proton, thereby ensuring permanent adherence to the mission.
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !privacyguides@lemmy.one
In the digital age, protecting your personal information might seem like an impossible task. We’re here to help.
This is a community for sharing news about privacy, posting information about cool privacy tools and services, and getting advice about your privacy journey.
You can subscribe to this community from any Kbin or Lemmy instance:
Check out our website at privacyguides.org before asking your questions here. We’ve tried answering the common questions and recommendations there!
Want to get involved? The website is open-source on GitHub, and your help would be appreciated!
This community is the “official” Privacy Guides community on Lemmy, which can be verified here. Other “Privacy Guides” communities on other Lemmy servers are not moderated by this team or associated with the website.
Moderation Rules:
We prefer posting about open-source software whenever possible.
No soliciting engagement: Don’t ask for upvotes, follows, etc.
Surveys, Fundraising, and Petitions must be pre-approved by the mod team.
Be civil, no violence, hate speech. Assume people here are posting in good faith.
Don’t repost topics which have already been covered here.
News posts must be related to privacy and security, and your post title must match the article headline exactly. Do not editorialize titles, you can post your opinions in the post body or a comment.
Memes/images/video posts that could be summarized as text explanations should not be posted. Infographics and conference talks from reputable sources are acceptable.
No help vampires: This is not a tech support subreddit, don’t abuse our community’s willingness to help. Questions related to privacy, security or privacy/security related software and their configurations are acceptable.
No misinformation: Extraordinary claims must be matched with evidence.
Do not post about VPNs or cryptocurrencies which are not listed on privacyguides.org. See Rule 2 for info on adding new recommendations to the website.
General guides or software lists are not permitted. Original sources and research about specific topics are allowed as long as they are high quality and factual. We are not providing a platform for poorly-vetted, out-of-date or conflicting recommendations.
Mmm…I haven’t read the article yet (will do!), but why should the owner of a profitable company make it unprofitable? 🤔
Being a non-profit is only “unprofitable” in so much as it won’t enrich anyone. But they do usually operate in the black. The original owner(s) just aren’t interested in selling out/cashing in, so they have reworked the company so that all profits are reinvested into the mission.
This is the important paragraph on the article
This is an unexpected benefit of being in Switzerland. Here I was thinking it was more or less a marketing thing