Twitter to Hold Vote on Becoming a User-Owned Co-op

On May 22, Twitter shareholders will vote on whether to investigate a radical proposal: Turning the social network into a cooperative owned by its users.

Next month is the company's annual meeting, and one of the items on the agenda calls for it to look into becoming a cooperative.

The proposal -- to be voted on by shareholders -- asks the company to "prepare a report on the nature and feasibility of selling the platform to its users via a cooperative or similar structure with broad-based ownership and accountability mechanisms."

Read the rest at Inc.

 

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