Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-01-13 18:00:09| Engadget

At a time when Elon Musk and Mark Zuckerberg have shown that the whims of one person can upend an entire social network, Mastodons CEO and creator, Eugen Rochko, is heading the opposite direction. In a blog post published today, the Mastodon team announced its intention to let a new nonprofit organization take over the company. In other words, Rochko is voluntarily handing over the reins to the service he founded almost a decade ago. The company took some actions towards forming a US-based non-profit itself a year ago, and that entity will continue to exist as a "fundraising hub." However, the company as a whole will continue to headquarter its operations overseas. "We are taking the time to select the appropriate jurisdiction and structure in Europe," the company wrote, "Then we will determine which other (subsidiary) legal structures are needed to support operations and sustainability." Mastodon says the restructuring will take place within the next six months. Rochko has made his stance against Musk clear. He told Musk to get off the internet two years ago. He has also called the recent Meta moderation changes deeply troubling. While Mastodon has not been as obvious a player in terms of raw user numbers as, say, Threads or Bluesky in the post-X restructuring of social media, Mastodon might still find the most moral path forward.This article originally appeared on Engadget at https://www.engadget.com/social-media/mastodon-will-soon-be-owned-by-a-nonprofit-entity-170009789.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

07.12Missing NBC on Fubo? Here's how to watch Sunday Night Football this week and more
06.12Judge puts a one-year limit on Google's contracts for default search placement
06.12Apple's Johny Srouji could continue the company's executive exodus, according to report
06.12Waymo's robotaxi fleet is being recalled again, this time for failing to stop for school buses
06.12Meta plans to push back the debut of its next mixed reality glasses to 2027
06.12Engadget review recap: Dell 16 Premium, Nikon ZR, Ooni Volt 2 and more
06.12A Marvel beat-'em-up, long-awaited survival horror and other new indie games worth checking out
05.12The 1977 cut of Star Wars will return to theaters in 2027
Marketing and Advertising »

All news

07.12Covid fraud and error cost taxpayers 10.9bn, report will say
07.12Missing NBC on Fubo? Here's how to watch Sunday Night Football this week and more
07.12Housed in an old stable, Pullman Tech Workshop works to bring stability to area housing stock, residents
07.12White Eagle in Niles closes after decades as a hub for Polish community and political powerhouses
07.12Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
07.12Housing market shift: Zillows updated ratings show the power balance in 250-plus metros
07.12How do you turn a baseball infield into a tennis court? Its as complicated as it sounds
07.12Warren Buffett is buying, Michael Burry is shorting: The AI trade splitting Wall Street
More »
Privacy policy . Copyright . Contact form .