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General4h ago

Swiss Cloud Company Transfers Majority Voting Rights to Public-Interest Foundation

Hacker News1 min brief

In brief

  • Infomaniak, a Swiss cloud service provider known for its commitment to privacy and sustainability, has transferred the majority of its voting rights to the Infomaniak Foundation.
    • This move ensures the company remains independent and true to its values, even as it faces growing challenges from AI, takeovers, and geopolitical tensions.
  • The foundation now holds special shares that cannot be transferred, giving it permanent control.
    • This change strengthens Infomaniak's long-term stability and secures its mission for future generations.

Read full story at Hacker News

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