No. They’re a non profit with a specific mission to further the enhancement of provacy. Under Swiss law they’re legally obligated to adhere to this. Which means they can’t collect user data willy nilly and sell it.
Also, it wouldn’t make sense for a non-profit organization to profit from selling user data.
Non-profits make profit all the time. The key difference between a for-profit and a non-profit is that a for-profit company takes that money and gives it to its owners, and a non-profit is legally required to reinvest that money in its organization or missions.
Of course, non-profits can also do shitty things like nepo hires with vastly inflated salaries, throw parties and extravagant galas for “fundraising” and spent almost nothing on the charity aspect.
This is why lots of rich fucks setup their own “philanthropy” organizations. They can dump their wealth into tax free and pay themselves and their heirs ungodly sums while paying for villas/jets/etc from the untaxed non-profit.
Correct? Those two are indeed separate countries with separate laws.
My explanation of the above was just a general breakdown about how nonprofit and for-profits differ. It was certainly US centric, if that’s your critique.
No. They’re a non profit with a specific mission to further the enhancement of provacy. Under Swiss law they’re legally obligated to adhere to this. Which means they can’t collect user data willy nilly and sell it.
Also, it wouldn’t make sense for a non-profit organization to profit from selling user data.
I worked for multiple non-profits that made a profit. That’s not how this works. It’s not the function, it’s the cost.
The bottom line is that Proton does not collect your data to sell it for profit.
Why wouldn’t they? Especially after the lasafare opinions expressed by their CEO.
They legally can’t. Period.
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Non-profits make profit all the time. The key difference between a for-profit and a non-profit is that a for-profit company takes that money and gives it to its owners, and a non-profit is legally required to reinvest that money in its organization or missions.
Of course, non-profits can also do shitty things like nepo hires with vastly inflated salaries, throw parties and extravagant galas for “fundraising” and spent almost nothing on the charity aspect.
This is why lots of rich fucks setup their own “philanthropy” organizations. They can dump their wealth into tax free and pay themselves and their heirs ungodly sums while paying for villas/jets/etc from the untaxed non-profit.
Switzerland is not the us though
Correct? Those two are indeed separate countries with separate laws.
My explanation of the above was just a general breakdown about how nonprofit and for-profits differ. It was certainly US centric, if that’s your critique.