Comment by dtagames

Comment by dtagames 3 months ago

8 replies

Strangely, the story fails to mention Bluesky, which is already owned by a B Corp. (public benefit corporation) and is Mastodon's real competition.

rsstack 3 months ago

Is B Corp a real thing? It's not equivalent to non-profit and they can always stop being B Corps. Wikipedia lists Nestle Nespresso as a B Corp example, not very inspiring.

  • jampekka 3 months ago

    B Corp is a certification stamp that companies can buy from the B Corp non-profit. It has no legal ramifications. It's like UTZ, FSC and Fairtrade.

    Benefit corporation is a form of legal corporation in the USA that allows for other duties than maximizing shareholder value.

    https://en.m.wikipedia.org/wiki/Benefit_corporation

atomicfiredoll 3 months ago

It's a story about a different company and being a public benefit corporation is different than being a non-profit.

It's simply not that relevant. It's not that strange.

Aloisius 3 months ago

Bluesky isn't a B Corp as far as I can tell (certified by B Lab).

Rather they're incorporated as a Delaware public benefit corporation.

  • shafyy 3 months ago

    This is correct. But a public benefit corporation is still for profit. And the "benefit" is very vaguely defined. It might be defined in their charter, but the only people who can hold them responsible to it are the investors. And as we know, most of the investors are VCs... So...

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