Technology
This is the official technology community of Lemmy.ml for all news related to creation and use of technology, and to facilitate civil, meaningful discussion around it.
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Rules:
1: All Lemmy rules apply
2: Do not post low effort posts
3: NEVER post naziped*gore stuff
4: Always post article URLs or their archived version URLs as sources, NOT screenshots. Help the blind users.
5: personal rants of Big Tech CEOs like Elon Musk are unwelcome (does not include posts about their companies affecting wide range of people)
6: no advertisement posts unless verified as legitimate and non-exploitative/non-consumerist
7: crypto related posts, unless essential, are disallowed
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Mozilla Foundation has a wholly owned subsidiary that is Mozilla Corporation that is for-profit.
For instance the revenue from Google, so they’re the default search engine, is seen by Mozilla Corporation. So things search-related will indeed be part of their for-profit arm.
It's technically for profit, but it has a single shareholder: the Foundation. There are no greedy shareholders that can get rich off of that profit.
Of course, employees/board members can be richly compensated, but that's independent of for-/non-profit status.
It’s not a loophole. As a subsidiary, profits are still invested into the nonprofit and they’re still guided by the Mozilla manifesto. It just lets them do more and raise more funds which would be difficult to do with nonprofit status (selling default search engine for instance). Here’s their original press release when they incorporated Mozilla Corporation in 2005.