, the Swiss-based privacy-focused technology company, is marking its 10th anniversary by transitioning to a non-profit model. As of today, June 17th, 2024, Proton will establish the Proton Foundation, a groundbreaking step designed with a legally binding charter to protect and safeguard its mission of defending online privacy in an era dominated by data-hungry corporations.
IMF Issues Serious U.S. Dollar Collapse Warning As The Fed Primes Bitcoin, Ethereum And XRP For A Crypto Price BoomHeat Wave Threatens More Than 100 Million With Dangerously High Temperatures This Week Here s Where "A Swiss corporation is ultimately controlled by its shareholders," Yen notes."By positioning the Foundation as Proton AG's primary shareholder, we've given it wide latitude to influence the company's direction. However, we've also been careful to maintain clear boundaries."
The Proton Foundation's grant-giving activities represent another arena where transparency and accountability are paramount. Building on Proton's existing practices, which have seen the distribution of, the Proton Foundation aims to continue to fund and support services that can never be profitable such as initiatives to