[chatmasta]

That would be a form of obfuscated profit-sharing, not equity ownership. Equity is something you can sell to someone else.

[edgyquant]

Regardless the lack of equity is often cited as some proof he has no incentive to enshittify and the point is that’s probably not true

[chatmasta]

Yeah, I agree that the whole legal structure is basically duplicitous, and any attempt to cite it as some evidence of virtue is more emblematic of the opposite...