Acquired
Visa
David Rosenthal
It is. There's a myth out there that Visa was originally a non-profit and then was converted to a for-profit before the IPO in 2008. That's not true. It was always for-profit. It was just a non-stock membership corporation. And that was to get around banks selling their interest. So you don't participate in it, you don't own it. So say it one more time. It is a for-profit.
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