Make your drug company a non-profit. - ThreadSky | a Reddit-style client for Bluesky

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wineobot.bsky.social • 1 day ago

Make your drug company a non-profit.

Reposted from Mark Cuban

I'm in ! Tell me how.

Non-profit essentially means that all of the money goes back to the organization. How will that help solve world hunger?

Yeah that would help reduce the cost of the drugs that he's selling for a profit. Nonprofits can also donate the money they make in profit.

No, not true. I founded a non-profit and was the president of two others.

Well you know Google works, do you understand that there's a lot of non-profit hospitals that are not charities right?

Correct. The money has to be used for purposes according to the mission statement. A non-profit drug company has nothing to do with food insecurity.

I'll phrase it another way he had more than enough money and forethought to actually make it a non-profit and he chose not to.

Yeah but he could easily make his drug company a non-profit.

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