"In less than one year, the open source Firefox Web browser has been downloaded onto more than 76 million computers worldwide. Now, the Mozilla Foundation, the non-profit entity that develops and distributes Firefox, is forming a for-profit subsidiary that will eventually capitalize on the browser's popularity," reports Forbes.
The Mozilla Foundation will announce today that it has formed a wholly-owned subsidiary, Mozilla Corp, that acknowledges the economic value of the Firefox browser, and will attempt to get a return on it without violating the fundamental tenants of the open source Mozilla Foundation.
"We want to make money if and when it's appropriate for the goals of the project to do so," says Mitchell Baker, president of the Mozilla Foundation. "We don't just want to pull money out of Firefox."
