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by abigail95 944 days ago
Illegal to restructure a business?
3 comments

It's not just "restructuring" a business that's a 501(c)3... to make it a golden goose for MSFT. The whole thing was created to avoid one of Big Tech having a monopoly on AI, and it turns into Big Tech having a monopoly.

Perhaps it's all legal but I think it's very understandable to look at it and think it's a travesty.

I thought it was created to prevent specifically Google from having a monopoly on AI. So mission accomplished?
To restructure a non-profit, that solicited donations, into a for-profit entity? Abso-fucking-lutely.
Easy enough to return the donations.
Money is spent
Is this sarcasm?
pretty sure not sarcasm
I imagine you’d have to either pay back all of the people who donated to the non-profit first, or negotiate a deal with for a stake in the company before you can transform it into a for profit.