

Not-for-profit is still a corporation, and the distinction simply means that they need to reinvest profits back into the company. A for-profit company can sit on massive amounts of stockpiled wealth, while a not-for-profit needs to find ways to reinvest that back into the company. To be clear, they can still sit on a lot of money. But all of their money needs to be earmarked for something, instead of just being a rainy day fund.

Glad they stuck to their guns. I’ve been following this case for a few years now. This all began as an attempt by eBay’s C-level executives to bully a few reporters into silence. It makes perfect sense that those reporters would refuse to accept an NDA as part of the settlement, because reporting on things like this is exactly what landed them on eBay’s radar in the first place.