Birdwatch Note Rating
2024-09-27 20:32:05 UTC - HELPFUL
Rated by Participant: C002CDAF046739A5DFFE9992CA42306199E2B8ABDD16A2E99781AC170A12AB10
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