Raspberry Pi is preparing for an IPO in London for likely more than $500M

ForgottenFlux@lemmy.world to Technology@lemmy.world – 551 points –
Raspberry Pi is preparing for an IPO in London for likely more than $500M
arstechnica.com
173

You are viewing a single comment

Technically they still are, but the nonprofit owns and controls a for-profit corporation. I think they made that switcheroo a little over a decade ago, but someone else can fact check me the timing.

Just like Mozilla, OpenAI and wikimedia foundation. The future looks bright /s

oh I didn't know wikimedia was also a for profit in disguise. that sucks hard.

Is that an actual for-profit company controlled by the non-profit wikimedia foundation, or just a way for the foundation to make money to run its operations? My understanding is it's the latter, unlike Mozilla and now Raspberry Pi. See here:

Wikimedia Enterprise is a product of the Wikimedia Foundation, with content created by volunteers around the world.

A nonprofit doesn't have to rely exclusively on donations to fund its operarions.

it's not. They do have a commercial product they use to fund their operation, in addition to donations, but that doesn't make them a for-profit company.

Uh, no? It's the other way around?

According to who? You? Because the UK government says otherwise.

Raspberry Pi LTD (for-profit, founded 2012) is owned by the Raspberry Pi Foundation (non-profit, founded 2008).

https://find-and-update.company-information.service.gov.uk/company/08207441/persons-with-significant-control

Fair enough, but raspberry pi (trading) Ltd is the one that's mostly in control.

I'm not sure what you're missing here, but they are OWNED by the non-profit, which means their actions align with their owners intent.

The Raspberry Pi Foundation lived long enough to see itself become the villain. Don't make excuses for them.