[moralestapia]

"I could make a fortune from this," Mr. Cuban told Texas Monthly last fall. "But I won't. I've got enough money. I'd rather f— up the drug industry in every way possible."

Truly hope that's an honest statement, wish them the best if that's the case.

[dopylitty]

Even if it’s an honest statement, what happens when Cuban dies or otherwise no longer controls the business? Inevitably someone will take control and raise prices to match the rest of the industry.

The root problem is having for profit companies involved in providing critical medical treatments. The solution is for people to band together and create an entity (the government) to provide these treatments at cost without the incredible inefficiency of for profit business.

[dahdum]

That’s why they formed as a public benefit corporation, it makes it more difficult to pivot towards pure profit seeking.

[lmm]

Does it? I remember when Etsy was making a big fuss about being a public benefit corporation and then a couple of years later they just quietly dropped it.

[dahdum]

I’m not certain, but I believe Etsy was never actually a public benefit corp but instead a B Corp, which they dropped because they’d have to convert to a PBC to maintain it. Whereas it sounds like this project will start as a PBC.

If that’s incorrect hopefully someone can correct.

[moralestapia]

See also "Open"AI.

[JamisonM]

> Inevitably someone will take control and raise prices to match the rest of the industry

I don't know that this level of fatalism is appropriate, and if it sets the new level for the rest of the industry at a lower rate that would be good!

A co-op can do what you are describing, seems like someone should send Mr. Cuban a cold email asking him to re-incorporate his venture as a co-op!