The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi’s not-for-profit side expand by “at least a factor of 2X.” And while it’s “an understandable thing” that Raspberry Pi enthusiasts could be concerned, “while I’m involved in running the thing, I don’t expect people to see any change in how we do things.”

  • dohpaz42@lemmy.world
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    1 year ago
    • Google
    • Reddit

    Those are the best two examples that come to my mind. Both were great until they IPO’d.

    The problem, as I see it, with IPO’s is that the company becomes beholden to shareholders who care nothing for the product, and only for the profit. Quality and profit are fairly mutually exclusive these days.

      • alekwithak@lemmy.world
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        1 year ago

        Sometimes you have to pre-suck to show investors you are serious about dismantling your company so they can feed on the corpse.

    • GissaMittJobb@lemmy.ml
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      1 year ago

      Google IPO’d back in 2004. Do you really consider that to be the pivotal point in Google’s history?

      Reddit hasn’t even IPO’d yet.

      • dohpaz42@lemmy.world
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        1 year ago

        Going IPO does not immediately turn a company evil. That’s something that happens over time, because of being beholden to so many shareholders who only care about profit.

        Reddit hasn’t even IPO’d yet.

        Reddit has been making many user-detrimental changes in preparation for their IPO.