[ryanpardieck]

Well, that's interesting, although I'm skeptical. Can anyone with legal experience say exactly how much this means? If Ello genuinely just did something that makes it difficult for future investors/acquirers to turn Ello into a ad-fueled, data-selling, privacy-undercutting behemoth, then that's pretty encouraging.

But ... it just seems "too good to be true." I've expected them to be about as "ad free" as every other business whose initial ideals are abandoned once the founders have gotten theirs and moved on.

[aidenn0]

IANAL, but the statute this is using is only a year old, so the answer will likely "we can guess, but don't know for sure until there is caselaw behind it"

Until recently most public benefit corporations were specifically chartered by the government (e.g. USPS, CPB), but a number of states have created a law for privately establishing them recently.

[ryanpardieck]

Wow, that's really interesting. Did not expect it to be something so new. I'm going to have to read more about this ...