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Proton is transitioning towards a non-profit structure (proton.me)

submitted 4 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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[–] kitnaht@lemmy.world 12 points 4 months ago* (last edited 4 months ago) (1 children)

Really wish they transitioned to a "Not-for-profit" structure, rather than non-profit. Non-profits can still be profit driven, sadly.

[–] Infynis@midwest.social 44 points 4 months ago (1 children)

They specifically chose non-profit because it allows them to remain profit driven, and continue to run the company as they have. The non-profit is the main shareholder now, and required by law to act in the interest of its founding principles. They basically did this for PR, because now, working in their customers' best interests is mandatory, and they are protected against hostile takeovers

[–] lemmyvore@feddit.nl 1 points 4 months ago

Weren't they protected before? Afaik their major shareholder was the Swiss government.