• JackbyDev@programming.dev
    link
    fedilink
    English
    arrow-up
    52
    ·
    1 day ago

    This is misinformation. BlueSky is not a non profit. It is a public benefit company. The shareholders still expect profit.

    • kerrigan778@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      21 hours ago

      The shareholders expect growth and therefore increase in the value of their investment, public benefit companies are however under no obligation to their shareholders to pass on profits to shareholders in the form of dividends. It’s definitely not a non-profit either though, it’s a different structure.

      • JackbyDev@programming.dev
        link
        fedilink
        English
        arrow-up
        1
        ·
        edit-2
        19 hours ago

        Plenty of “regular” for profit companies focus on increasing share value by investing profits back into the company instead of paying out dividends. That doesn’t really mean anything.

        Edit: I see what you mean based on what I said. They expect a return on investment is a better way to phrase it.