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Proton, the Swiss company behind privacy-focused apps like ProtonMail, is transitioning to a non-profit foundation model with the newly established Proton Foundation becoming the main shareholder of Proton AG. This move ensures Proton's self-sustainability without relying on donations or corporate partnerships, maintaining profitability while adhering to its privacy mission. The change in governance, which allows for stock options and the possibility of going public, aims to preserve Proton's independence and core values. The Proton Foundation will also allocate 1% of revenues to privacy-focused initiatives. Founded in 2014, Proton operates independently of venture capital investors, with the foundation's board, including notable figures like Sir Tim Berners-Lee, ensuring alignment with Proton's original mission and preventing hostile takeovers.

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