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.”

  • Gormadt@lemmy.blahaj.zone
    link
    fedilink
    English
    arrow-up
    79
    ·
    9 months ago

    Straight up this has me concerned for the same reason

    Once a company becomes beholden to shareholders that’s literally the goal

    • ocassionallyaduck@lemmy.world
      link
      fedilink
      English
      arrow-up
      48
      ·
      9 months ago

      More of the same here. This is extremely depressing news.

      It sucks that running a successful business can never be enough.

      Prepare for Pi to start going closed source and fighting against “copycat” SBC boards. It’ll take a generation to see the enshittification set in, but Orange Pi and other similar projects are going to be the winners in a strictly profit based comparison.