Firefox goes Private

Over the past several months the Firefox browser has been gradually gaining market share (+8%) over MS Internet Explorer. According to Forbes.com , the Mozilla Foundation, owner of Firefox, is now creating a private company to take advantage of any business opportunities while still keeping Firefox open source. Firefox currently generates money on the drop-down search menus but there seems to be much more potential.
It’s going to be interesting in the near future when the Mozilla Foundation, a not-for-profit, becomes the major rival of Microsoft, Adobe, et al. This model of a private venture, owned by a non-profit and based on open source software may become the new technology business model. I think that there will be a lot to learn here for anyone looking at launching a new technology venture. It’s about time that things were shaken up a bit.

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