Birdwatch Note Rating
2024-10-03 21:16:58 UTC - HELPFUL
Rated by Participant: 769F75BB7D878FA587A6F20AB593BF3D032D164F85D149D0930D0E42DDF67237
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