[baq]

Just yesterday there was a thread about startups, compensation and what happens to promises when real money enters the picture.

Your best bet to keep a social platform for a long time is a coop. You’ll never get investors, which is the point, but you also aren’t a foundation or a nonprofit with shackles (unless you get to OpenAI levels of creativity.)

[Terr_]

Somewhat related: How bankruptcy laws mean many promises like "we won't misuse your data" become void in the name of extracting value for creditors. (The potential outcome affects decisions even if bankruptcy doesn't happen.)

So there's a system that needs to be reformed, it's not so much a matter of executives' personal attitudes.

[ndsipa_pomu]

Sounds like some kind of GDPR law is required so that companies don't get to treat people's private data as their own. It's ridiculous that in a bankruptcy they can sell off the data that belongs to others - companies should be treated as merely protecting PII data and can never own it.