- cross-posted to:
- [email protected]
- [email protected]
- cross-posted to:
- [email protected]
- [email protected]
- Mozilla ends partnership with Onerep due to CEO’s ties to data broker
- Onerep’s data removal service bundled into Mozilla’s Monitor Plus subscription
- Onerep CEO admits to owning people-search websites, leading to end of partnership with Mozilla. Transition plan in progress.
its a good long term business move. And mozilla is a nonprofit, not beholden to the whims of shareholders, so they can do long term moves in peace.
Nonprofits can’t lose money. They still got bills and are motivated by revenue. I say this as someone who has worked in non-profits for most of my adult life
Am I wrong in saying the lack of shareholders makes it easier for non profits to make long term profitable business decisions, compared to companies with shareholders, who seem to often care about short term revenue above anything else?
For-profits don’t all have shareholders. Non-profits still have boards (and with non-profits it’s at times more difficult to rid your company of toxic board members). I’ve seen non-profits that move like snails and for-profits that move like cheetahs.
And I wouldn’t really say it’s easier, no. For two companies of the same size, I don’t think it would be any different just because you’re a public company. Plenty of them don’t mind posting a loss if they defend it with investments. Investors, especially institutional ones, don’t just look at revenue. Assets, liabilities, equity, it all frames investing decisions.
Today I learned!
How can’t non-profits lose money ? I don’t understand
They need to make money. They need to pay bills and pay employees. If you’re losing money, you have to fire people or downsize, just like any other business. Or borrow money
So they’re always immune to losing money ? are they protected by law in this regard ?
Sorry, I think I wasn’t clear. They can’t lose money if they want to remain in business is what I should have said.
Ok it all makes sense in retrospect… thanks (synonymous with “They cannot afford to lose money”)
You were clear. The other guy was being a pedant or an idiot.
Kindly get fucked, if you don’t mind (I hope my English comes across well)