Birdwatch Note Rating
2024-09-27 14:56:21 UTC - HELPFUL
Rated by Participant: 9C9BD488E19E3156B543034938135FB42A0794FE80AE26E84DCC8524D81AD63E
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