This is misinformation. BlueSky is not a non profit. It is a public benefit company. The shareholders still expect profit.
The shareholders expect growth and therefore increase in the value of their investment, public benefit companies are however under no obligation to their shareholders to pass on profits to shareholders in the form of dividends. It’s definitely not a non-profit either though, it’s a different structure.
Plenty of “regular” for profit companies focus on increasing share value by investing profits back into the company instead of paying out dividends. That doesn’t really mean anything.
Edit: I see what you mean based on what I said. They expect a return on investment is a better way to phrase it.
Bluesky has to be running a massive propaganda push. I see so many lies saying they are decentralized or like here saying they are a non-profit.
This shit is evil. Whoever is making these fliers is not being honest.
Mmm… ditch Garmin, strap a raspberry pi + car battery to your arm, & away you go.
“just ditch apple, get an old rotary phone, tons of cable, top tier camera, and an ibm system 370 and lug them around instead.” Was that your point? That garmin is literally the only one making gpses and watches?
Lol, or get a polar fitness watch instead?
There are so many issues with this, lots of wrong information, recommendations of stuff that’s bad and really shouldn’t be recommended and stuff that really should be there isn’t. Please don’t share it this further, it’s absolutely shit.
“Oh no this is wrong”… proceeds to shit on it, not provide a single example or correction
BlueSky is not owned by a non profit. First row.
I’m not in it but I have been told it’s almost impossible to control the narrative as Muskrat does on Twitter
It is held by a benefit corporation which means they have to, at least pretend, to bring some societal benefit
This list seems a bit flawed, for instance on the travel line, Trivago is owned by Expedia in the US and Booking is headquartered in Amsterdam.
Also including BlueSky seems a little odd given the intent
Re Bluesky I did some “I am not a lawyer” digging.
Bluesky is owned by “Bluesky Social PBC”, a Public Benefit Company registered in Delaware.
Generally speaking it means when decisions about the company are made, they must take into account how that decision benefits their stated public value. I struggled to find the specific value wording, but let’s assume it’s a reasonable one for the time being.
Unfortunately being a PBC is basically voluntary, especially when you’re still a private company. You can become a non-PBC with a simple board vote. (A public company would require a stockholder vote.)
Bluesky’s board consists of four members, one of which is Bain Capital, aka the company funding Bluesky.
So Bluesky is absolutely a better alternative to Twitter. If everyone left Twitter and moved to Bluesky that would be a monumental improvement.
However Bluesky is not a non-profit company, as the above graphic states.
bluesky is just Xlite.
This
You will never avoid Coke. Just admit your impending failure.
Mistral le Chat is an idiot, sadly. I’d love an alternative to OpenAI, but that isn’t it.
