Good, don't trust companies that don't want to make a profit from every customer.
Not that we know for sure, but reporting that the board wanted to be not-for-profit should be a warning sign they don't see customers as the people (revenue) they need to protect and grow.
We've seen it many times. Start-ups run to capture the whales of the market, who are more than happy to screw smaller customers or bate and switch free users.
It’s not “reporting” that the board “wanted” to be a non-profit. They *are* a non-profit. They also have a capped-profit subsidiary that takes in investments for operating capital.
Comments