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Raspberry Pi Picks Banks for IPO, Choosing London over New York

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Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#81
post #26

Earlier quoted context omitted.

And for the results of this, I didn't even realize Kellogg's had a charitable arm until now.

A few (many?) breakfast cereals were started by religious charities in America. Quaker being most obvious via the name. Kellogg's origin was seventh day Adventist I think. I think there was a religious component to health foods at the time. But not sure why. One popular and possibly inaccurate reason was that bland vegetarian foods decreased the bodys animal nature.

There's never been a direct link between Quakers and the Quaker Oats people, for whatever it's worth - it's always just been a brand. The reason is reputedly that Quakers had a reputation for honesty in business, but I don't know if that's historically accurate.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#82
post #44

Earlier quoted context omitted.

> You've got it the wrong way around. I don't see how it is the wrong way around: what you are saying is that they are a for-profit, and depending on how much profit they make with their business, the foundation gets more money to "play with", right?

The commercial entity, just like every other commercial company that has stock has stockholders. That happens to be - in part - the foundation. If there are profits then the stockholders, including the foundation, get a pro-rata payout named a dividend. But it can take a long time to make that scheme work at a level where the foundation can do what it would like to do so this IPO kind of gets a head start on those di…

Lotta words for "yes"

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#83
post #26

Earlier quoted context omitted.

And for the results of this, I didn't even realize Kellogg's had a charitable arm until now.

A few (many?) breakfast cereals were started by religious charities in America. Quaker being most obvious via the name. Kellogg's origin was seventh day Adventist I think. I think there was a religious component to health foods at the time. But not sure why. One popular and possibly inaccurate reason was that bland vegetarian foods decreased the bodys animal nature.

[dead]

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#84
post #44

Earlier quoted context omitted.

You've got it the wrong way around. The Raspberry Pi Foundation is a shareholder in Raspberry Pi Ltd, not vice versa. It benefits from the profits generated by the commercial arm. The commercial arm was established on 10 September 2012 [1]. [1] https://find-and-update.company-information.service.gov.uk/c...

> You've got it the wrong way around. I don't see how it is the wrong way around: what you are saying is that they are a for-profit, and depending on how much profit they make with their business, the foundation gets more money to "play with", right?

Which "they" are you talking about? There are the foundation and the company. The foundation partly owns the company and makes money from company. They are going to make more money from the IPO. The important question is how much does the foundation own and does it control the company.

Non-profits that sells things like a business aren't allowed.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#85

Wasn't it supposed to be a charity/non profit foundation? Isn't an IPO kinda the opposite of that? Or is is the fashionable thing these days to claim to be non-profit when you're young and looking for grassroots support, only to transform when there is money to be made?

After Raspberry Pi, OpenAI and Processing Foundation I'll never trust a "non-profit" again

"non-profit" is a tax status, that's all

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#87

Earlier quoted context omitted.

If the Pi gets replaced, Chinese trash that is abandoned in a half-working state after zero updates will replace the Pi.* Or thin clients. Dark days ahead. *like, just random example, the Radxa Rock 3 https://youtu.be/KghZIgkKZcs

in this context what makes a difference if it is a Chinese companies abandoning the product vs a British company. Is china the only nations making "trash".... Further your video shows off several replacements with 1 having some kind of incompatibility with some carrier boards... Personally I have never been a fan of the Compute Module form factor anyway.. I prefer the full SBC boards. I think the Compute Module form…

The British company hasn't abandoned anything. The Raspberry Pi 1 still has full, modern, feature-parity support in Raspberry Pi OS, eleven years after launch.

But fine-- in my trash bin you'll find a Cubietruck, an Asus Tinkerboard, a MangoPi MQ-Pro, and several other Chinese SoC compute sticks. Fool me once, shame on you; fool me 5 times, shame on me. All were basically given up on by the original manufacturer, and some had some degree of support through Armbian (albeit with numerous features lost due to being walled off behind some inscrutable binary blob).

The current alternative darling of the SBC enthusiast world, the Rockchip RK3588[S], does not have mainline kernel support and depends on a faux-5.x-series frankenkernel provided by Rockchip. Mainline support has been coming Real Soon Now for at least a year, and is in theory making progress, but I can't spend promises at the supermarket.

If capitalism works by selling people a piece of shit that barely does what it's supposed to do at launch, doesn't have mainline support, and is consigned to the dustbin after a single dev cycle or two because the manufacturer has moved on to the next piece of shit they will sell to the next mark and then abandon shortly thereafter, then I guess I'm anti-capitalism now. They tell me it used to be about making money by selling a decent product, rather than selling obsolescence-at-launch, thereby scamming people by design. I don't need that kind of capitalism, but there's a lot of it coming out of China these days.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#89
post #4

On the one hand I'm happy they're doing well. On the other I'm very much worried that floating the stock will make it plaything of people who couldn't care less about what the Raspberry Pi and the people behind it stand for, they're just going to use the stock to make money, or, alternatively, to make trouble. Being a listed company is a source of all kinds of distractions.

There is no question a public stock becomes a plaything for sophisticated gamblers.

Re: Raspberry Pi Picks Banks for IPO, Choosing London over New York

#90

Earlier quoted context omitted.

The people behind it evidently “stand for” making the company public, so…

Yes, I'm aware of that. I'm merely wondering whether or not they realize the long term consequences of this move.

Well they say it will "2x" the non-profit side...not sure the time-scale on that...

""" it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X." """

Plus, full: """

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." """

Yeah, sure, running a public company requires no changes to how things are done ... /s

- https://arstechnica.com/gadgets/2024/01/raspberry-pi-is-prep...

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