• JackbyDev@programming.dev
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    1 day ago

    This is misinformation. BlueSky is not a non profit. It is a public benefit company. The shareholders still expect profit.

    • kerrigan778@lemmy.world
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      1 day ago

      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.