Comment on British tech firm Raspberry Pi lines up £500m float
jodanlime@midwest.social 7 months ago
Oh, so this is why they put the hobbyists last in line when the ‘shortage’ happened. They prioritize companies to look better to the stock market. For some reason I thought they were non-profit but I guess if that was ever true it’s not now. I have to imagine this won’t be good for the average pi enjoyer.
stsquad@lemmy.ml 7 months ago
They are both. There is a non profit foundation which funds the educational side and the main company which operates for a profit. I suspect the bulk of their revenue comes from the industrial side of things where the Pi makes a much better base than a lot of the half assed hacked together SBC’s out in the market.
There have certainly been mis-steps asking the way but all in all I consider the Pi to be a British success story. I guess it remains to be seen how much of the valuation goes to the founders and employees and how much is invested into their next phase of growth.
homesweethomeMrL@lemmy.world 7 months ago
They were, yes. Their social media Watergate really upended them for me. The events since and now, this is all downhill. Barring a complete reversal of corporate attitude, I will probably not be back.
stsquad@lemmy.ml 7 months ago
This isn’t still complaining about the fact they hired an ex-policeman?
homesweethomeMrL@lemmy.world 7 months ago
Sort of. The response to that was totally uncalled for. And they just kept digging when they had a chance to turn it around.