alt Hacker NewsThe company is "W Social AB", meaning "aktiebolag" which in Swedish is what you in the USA would call an LLC or "joint stock company.
So they are 100% looking to monetize and turn a profit.
I wouldn't call it shady, but closed source, for-profit sounds accurate.
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Aktiebolag is the overwhelmingly most common company form in Sweden and similar to common corporation forms in many other countries. It's not the same thing as a US LLC, which is a strange entity that has pass-through taxation.
Which is to say, there's nothing particularly remarkable about it being an Aktiebolag. It would be more remarkable if it wasn't.
You can have an "open" non profit, that is actually closed and is working to turn into a for profit...
so those distinctions dont seem to count much nowadays
> what you in the USA would call an LLC
"Inc" is probably closer than "LLC". While an LLC is a type of joint stock company, it is a specific form with a pass-through tax structure and restrictions on foreign ownership. "Inc" signifies the more general form of corporation in the US.