Mozilla says “customer data was never at risk.”
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  • Onerep CEO admits to owning people-search websites, leading to end of partnership with Mozilla. Transition plan in progress.
  • FiskFisk33@startrek.websiteEnglish
    531·
    8 months ago

    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.

    • jeffw@lemmy.worldEnglish
      21·
      8 months ago

      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

      • FiskFisk33@startrek.websiteEnglish
        131·
        8 months ago

        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?

        • jeffw@lemmy.worldEnglish
          161·
          8 months ago

          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.

        • jeffw@lemmy.worldEnglish
          1·
          8 months ago

          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

          • Hadriscus@lemm.eeEnglish
            12·
            8 months ago

            So they’re always immune to losing money ? are they protected by law in this regard ?

            • jeffw@lemmy.worldEnglish
              5·
              8 months ago

              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.

                • Hadriscus@lemm.eeEnglish
                  11·
                  8 months ago

                  Kindly get fucked, if you don’t mind (I hope my English comes across well)

              • Hadriscus@lemm.eeEnglish
                2·
                8 months ago

                Ok it all makes sense in retrospect… thanks (synonymous with “They cannot afford to lose money”)