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Bluesky's success is a rejection of big tech's operating system
(www.bloodinthemachine.com)
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this post was submitted on 18 Nov 2024
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I would encourage everyone to read about what a Benefit Corporation is. It's still for-profit, but being public benefit gives the officers a little protection from shareholders suing them when stock performance goes down. In theory, this protects them from being driven solely by profit.
https://en.m.wikipedia.org/wiki/Benefit_corporation
However, there's no real guidance or oversight on whether a company still qualifies for that designation. They can self-audit, they can vote to change to a normal corporation at any time, switch back again, etc. This is not a different tax classification, this is a corporate board promise, and I have no reason to think they'll stay a public benefit corporation, even if they have the best intentions right now.
Agreed. Still, better than xitter, no? I'm cheering bluesky or whatever, just to watch elon lose eyes.
I just want to see x burn as a result of elon and the last few years though. I have a strong bias (and a gag reaction to cyber trucks), I'll admit that up front. I feel myself becoming really jaded and I hate it.
Yeah, still a net positive. Not complaining, just informing.
I've just seen the "it's federated ~~(eventually)~~" and "it's a public benefit corporation" tossed around on occasion like they're exonerating evidence, and I would hate to see people get tricked into a false sense of security.
I'm with you. BS isn't the savior of anything, imo.
I respect your opinion and genuinely appreciate the information also. Thanks for posting that. I learned something today.
i just wish theyd stop calling themselves a federating platform when they have yet to prove that.