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

20.01Dr. Gladys West, whose mathematical models inspired GPS, dies at 95
19.01ASUS will not release any new smartphones this year
19.01UK agency questions Meta's policies for illegal gambling site ads
19.01TurboTax Deluxe is on sale for $45 ahead of tax season
19.01Bungie's Marathon arrives on March 5
19.01Musk claims Tesla will restart work on its Dojo supercomputer
19.01Threads has more global daily users than X on mobile for the first time
19.01Levi's closes the Gen Z skills gap with a new repair curriculum
Marketing and Advertising »

All news

20.01ReNew lines up $500-million dollar bond issue
20.01Can Shadowfax Technologies IPO deliver long-term value for high-risk investors?
20.01Sebi to identify and regulate 'significant indices' used by MFs
20.01Wipro sinks over 8% as weak Q4 guidance spooks investors
20.01RIL slumps over 3% after Q3 miss dampens growth outlook
20.01Greenland 'will stay Greenland', former Trump adviser declares
20.01Are 'tech dense' farms the future of farming?
20.01Dr. Gladys West, whose mathematical models inspired GPS, dies at 95
More »
Privacy policy . Copyright . Contact form .