Kickstarter makes itself legally bound to pursue public benefit
Taipei
CROWDFUNDING platform Kickstarter has reincorporated itself as a Public Benefit Corporation, joining US companies like Patagonia Inc in legally enshrining the pursuit of social values in their business.
The service known for pooling funds from individual investors for electronic gadgets and movies has changed its name to Kickstarter PBC from Kickstarter Inc, the company said on its blog. "More and more voices are rejecting business as usual, and the pursuit of profit above all," the company said.…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Tesla cuts US prices by US$2,000 as sales slow, inventories swell
Volkswagen workers vote decisively to unionise in Tennessee
Sony deal for Paramount would draw added regulatory scrutiny
Bitcoin 'halving' has taken place: CoinGecko
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try