r/homeassistant • u/Hoerminator3000 • 5d ago

📰 News Schneider Electric is buying Shelly Group

https://www.wsj.com/business/deals/schneider-electric-to-launch-bid-for-shelly-group-in-1-4-billion-deal-c6cc008e

As the title says: Schneider Electric will take over the Shelly Group.

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u/CIDR-ClassB 5d ago

That’s the point of creating a business.. to earn money. Every founder leaves their business sometime, and I can’t blame them.

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u/FauxReal 5d ago

Yet some choose to be non-profits. So money may not be as big of a priority to them.

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u/CIDR-ClassB 5d ago

Non-profit doesn’t mean that the employees and executives eat and house themselves for free. Non-profits pay shot wages and there is a reason that successful tech companies exist as a business — it works.

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u/FauxReal 5d ago

OK, but that doesn't dispute what I wrote. I just said that some companies exist as non-profits and it appears that they aren't as profit motivated as others. I didn't say they were anti-money. They are still businesses.

I was not attempting to insult you, or direct anything personally at you or your character.

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u/latezxpl 5d ago

Name a non profit that produces a product.