Mozilla Foundation Launches Mozilla Corporation 270
An anonymous reader writes "MozillaZine is reporting that the Mozilla Foundation has created a commercial subsidiary to continue development of Mozilla Firefox and Mozilla Thunderbird. Don't let the word "commercial" scare you, the new Mozilla Corporation (as it has been dubbed) will be owned 100% by the Mozilla Foundation. The change is mostly a legal/tax thing to avoid the problems of pursuing revenue-generating avenues while remaining a non-profit. There will be no change to the development process and end-users won't notice much difference either. See also the Mozilla Foundation press release about the Mozilla Corporation and the Mozilla reorganization FAQ."
Re:MHO about possible IPO (Score:5, Insightful)
If the Mozilla Corporation should go wrong, the Foundation can just re-start to release the official Firefox/Thunderbird versions themselves, including any improvements dome by the Corporation in the mean time. That's the power of Open Source: Even if the corporation gets evil, it cannot suddenly remove the code. The only possible weak point would be the trademark, but I hope the trademark rights remain at the Foundation.
Re:MHO about possible IPO (Score:2, Insightful)
Also, when money becomes available, like flies to shit, people whose only interest is money immediatly try to get involved and usually succeed.
Re:Mozilla has sold out to Google already (Score:1, Insightful)