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Twitter founder Jack Dorsey pumps $10 million into a nonprofit to build Nostr-based social media apps (techcrunch.com)
submitted 1 year ago by to c/technology@lemmy.world
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Having fucked up social discourse with Twitter and then Bluesky, Jack Dorsey claims he has seen the error of his ways, and definitely won't do it a third time with his new nonprofit aimed at helping developers build and deploy (OSS or commercial) social media tech built on the Nostr platform (with AI!). Yeesh, I might be biased. Maybe I shouldn't be writing these summaries.

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[–] 9 points 1 year ago (1 child)

Nah, you still end up paying state and local taxes. Income/revenue is different than profit.

Plus, being a non profit allows for people like Jack to utilize donations as tax deductions.

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