this post was submitted on 30 Jan 2024
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224
Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus (arstechnica.com)
submitted 9 months ago by [email protected] to c/[email protected]
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The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X." And while it's "an understandable thing" that Raspberry Pi enthusiasts could be concerned, "while I'm involved in running the thing, I don't expect people to see any change in how we do things."

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[–] [email protected] 80 points 9 months ago (1 children)

Straight up this has me concerned for the same reason

Once a company becomes beholden to shareholders that's literally the goal

[–] [email protected] 49 points 9 months ago (1 children)

More of the same here. This is extremely depressing news.

It sucks that running a successful business can never be enough.

Prepare for Pi to start going closed source and fighting against "copycat" SBC boards. It'll take a generation to see the enshittification set in, but Orange Pi and other similar projects are going to be the winners in a strictly profit based comparison.

[–] [email protected] 21 points 9 months ago

I can’t wait to have to pay a subscription fee for some aspect of it.