Seems like it allows a non profit to assume control of a company without having to pay out funds to actually purchase it. They apparently have to reinvest all profits back into the company rather than directly benefiting from it. Though the article does mention under the proposal, some unspecified portion of Chrome profits would go toward ‘climate action’, so there’s some vague positive out of it.
Seems like it would be pretty great honestly, so I can’t imagine it’ll be accepted.
I suppose “proposal” here means proposal to some government, not to Google, and then the question is whether it’s going to be like Russia’s “Vkusno i Tochka” in place of McDonalds. Because, ahem, maintaining Chrome is not that easy.
Seems like it allows a non profit to assume control of a company without having to pay out funds to actually purchase it. They apparently have to reinvest all profits back into the company rather than directly benefiting from it. Though the article does mention under the proposal, some unspecified portion of Chrome profits would go toward ‘climate action’, so there’s some vague positive out of it.
Seems like it would be pretty great honestly, so I can’t imagine it’ll be accepted.
I suppose “proposal” here means proposal to some government, not to Google, and then the question is whether it’s going to be like Russia’s “Vkusno i Tochka” in place of McDonalds. Because, ahem, maintaining Chrome is not that easy.
Honestly yeah that’s even better. How great would it be to watch Chrome slowly die out while funneling money to fight climate change?