This is quite possibly the best possible news I have heard yet from proton, and makes me feel much more likely to recommend them. This is wonderful news.
I am still angry for them for their blackmail-based payment model back in years.
For those who don't know, you were able to get credits for Proton from Humble Bundle.
You are able to use those credits to use "Pro" plan.
Well, once your credits ended, without any notification, your credits started to go negative. After certain point of negativity, your account was locked for "unpaid" bills.
There was no any information that this would happen.
You weren't able to access you email unless you paid the bill.
I think he talking about e-mails to and from proton mail and other email providers are not really encrypted. Only mails between proton mail are encrypted.
I've always worried that Proton might succumb to the enshittification that seems to eventually plague all tech companies. This news makes me a lot more optimistic that won't be the case.
tldr: Proton AG (a for-profit) is now wholly-owned by Proton Foundation (a non-profit) that will put 1% of its annual profits into a VC-like fund.
> In the past 10 years, we have launched five services and reached 100 million people. In the process, we have also grown from a team of 3 to a team of 500.
Phenomenal in a space where there's an endless list of companies either dead or ceaselessly struggling.
I don’t think it ever says wholly owned. My understanding is that the three founders have donated their shares to the Foundation, but they didn’t own 100% of the company. Likely >50% but not 100%
To my reading it’s only part of their shares and probably results in the foundation being the biggest single shareholder while still only having a minority stake.
There is an About Us link towards the bottom of the page, and the company name Proton AG is spelled out in the article as well as at the bottom of the page. https://en.wikipedia.org/wiki/Proton_AG
This is interesting, but still a bit worrying that they reserved the right of doing an IPO if they "feel like we need more resources to fight for an open internet".
I would say I'd like to believe they are being truthful to their words, but I find it hard to believe they have a non-profit stance when they shove ads about their own products on your inbox by default, having annoying popups and trying to push you to upgrade your Proton plan.
A nonprofit doesn’t mean that profits aren’t pursued, it means that any profits have to be put to the organization’s purpose instead of flowing to private beneficiaries.
But what about when the organization's purpose is to assist a private beneficiary, namely the for-profit arm of the corporation? If the non-profit only does work for one client, is it really a separate entity?
Readit News
Dead Comment
For those who don't know, you were able to get credits for Proton from Humble Bundle. You are able to use those credits to use "Pro" plan.
Well, once your credits ended, without any notification, your credits started to go negative. After certain point of negativity, your account was locked for "unpaid" bills. There was no any information that this would happen.
You weren't able to access you email unless you paid the bill.
That would be my guess.
> In the past 10 years, we have launched five services and reached 100 million people. In the process, we have also grown from a team of 3 to a team of 500.
Phenomenal in a space where there's an endless list of companies either dead or ceaselessly struggling.
The only proton I know of is the 3D API translation layer. I think it's in steam.
To learn more about our transition to the non-profit structure, check this article: https://proton.me/blog/proton-non-profit-foundation
> Take control of your data with our end-to-end encrypted email, VPN, cloud storage, password manager and calendar.
I think it’s pretty obvious?
I would say I'd like to believe they are being truthful to their words, but I find it hard to believe they have a non-profit stance when they shove ads about their own products on your inbox by default, having annoying popups and trying to push you to upgrade your Proton plan.