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A comment on Coursera S-1 IPO. Parent comment

Re:Coursera S-1 IPO by cinntaile on Saturday March 06, 2021 @05:49AM (#26366581)
Not for profit doesn't mean what you think it does. Teachers at not for profit schools earn a wage, just like at for profit schools. It means that the excess can be siphoned off to stock owners instead of being reinvested in the school.
[ Parent | on HN ]
Re:Coursera S-1 IPO by yunesj on Saturday March 06, 2021 @07:43AM (#26367003)
> the excess can be siphoned off to stock owners instead of being reinvested in the school

Yes, but the excess isn’t siphoned away to random people. It’s paid to the investors in exchange for creating the school.

[ Parent | on HN ]
Re:Coursera S-1 IPO by cinntaile on Saturday March 06, 2021 @08:38AM (#26367255)
Can you clarify your argument, I don't get where you are going with this? Also once Coursera is on the stock market then you and I can own it and we didn't create the school.
[ Parent | on HN ]