eicker.news ᳇ tech news#OpenAI has completed its #recapitalisation, solidifying its structure as a #nonprofit with a #controllingstake in its #forprofit business. The OpenAI Foundation now holds a 26% stake in the for-profit, with 47% held by current and former employees and investors. Microsoft, a major investor, supports the recapitalisation and now holds a 27% stake in the for-profit. https://www.cnbc.com/2025/10/28/open-ai-for-profit-microsoft.html?eicker.news #tech #media #news
Steve RossAlso, it should be #illegal for one person to have a #controllingstake in a company. Force them to #selloff their shares until the ownership is broadly based, and then #taxthehell out of their proceeds. Oh, and #labor should have equal say in the #management of the company. See, I have many plans for "doing a #socialism."