RStudio reborn as a Public Benefit Corporation - commits itself to open source, not shareholders • DEVCLASS

RStudio has rebirthed itself as a Public Benefit Corporation, meaning the company behind the eponymous IDE for R can run itself for the benefit of the R community as well as its shareholders.

In a blog post yesterday, Allaire said “RStudio’s mission is to create free and open-source software for data science, scientific research, and technical communication.” He said the firm leads contributions to over 250 open source projects, as well as selling its eponymous IDE and other commercial products and online services.

The company is profitable, the presentation added, and “we plan to use these profits to purchase stock back from our shareholders over time (as opposed to selling the company or going public)”.