Birdwatch Note Rating
2024-09-27 17:02:19 UTC - HELPFUL
Rated by Participant: 066C82256C06166C598598594FE73E369816166F2A5958B53C0B746F94E10411
Participant Details
Original Note:
Elon is technically correct. You can't convert a non-profit into a for-profit. Even the sources listed in the CN shown state that the assets must be sold and then reincorporated. That's not a conversion. OpenAI would need to be sold to open a new for-profit venture. https://www.aprio.com/can-nonprofit-convert-profit/
All Note Details