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| ▲ | boomboomsubban 7 months ago | parent | next [-] |
| Yes. Mozilla was originally only the non profit, but it was ruled that selling the search rights violated nonprofit status. So they paid a couple million in back taxes and had to spin off a corporate entity that's fully owned by the nonprofit. |
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| ▲ | no_wizard 7 months ago | parent | prev | next [-] |
| Novo Norodisk has a similar corporate structure, being owned majority by the Novodisk Foundation[0] [0]: https://finance.yahoo.com/news/novo-nordisks-unique-structur... |
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| ▲ | thayne 7 months ago | parent | prev [-] |
| It's a "we want to sell something, but non-profits aren't allowed to do that" trick. And it means the for-profit subsidiary has to pay normal taxes. OpenAI is structured the same way, so they can sell access to their models. At least until it switches to being entirely for-profit, if that is allowed to happen. |