for profit
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The company’s better-than expected earnings were propelled by its new deal with OpenAI, signed in October as part of a restructuring the startup completed to create a for-profit arm.
Microsoft owns roughly 27% of the for-profit entity, the value of which is reflected in Microsoft’s earnings.
In the post, OpenAI said its founders and Musk had actually agreed in 2017 that a for-profit structure would be the next phase for the company.
A fuller version of his diary entry appeared in the blog post, showing that while the founding team did have a preference for a for-profit company, they were still open to pursuing OpenAI’s mission within the nonprofit structure if it could raise enough capital.
In other words, said Ipsita Smolinski of Washington-based advisory firm Capitol Street, the goal isn’t to undermine Medicare Advantage but to narrow the gap between large, for-profit insurers and smaller, nonprofit and regional Blue Cross plans.
From Roget's 21st Century Thesaurus, Third Edition Copyright © 2013 by the Philip Lief Group.