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

16.02T-Mobile builds real-time AI translation directly into its network
16.02Hideki Sato, known as the father of Sega hardware, has reportedly died
15.02Terminator Zero showrunner confirms the Netflix anime has been canceled after one season
15.02The official Pokémon pinball machine has an animatronic Pikachu and a Master Ball plunger
15.02At its Madrid megastore, Fnac turns Valentines Day into a cultural speed dating event
15.02Apple may be adding a splash of color to its upcoming budget-friendly MacBook
15.02Tesla CarPlay is coming but it's reportedly being held back by low iOS 26 adoption numbers
14.02Airbnb is testing out AI search with a 'small percentage' of users
Marketing and Advertising »

All news

16.02Today's Headlines
16.02End of rate cuts, ample liquidity: Why short-end yields above 7% look attractive, says Devang Shah
16.02Negative Breakout: These 11 stocks cross below their 200 DMAs
16.02T-Mobile builds real-time AI translation directly into its network
16.02Bedding firm backs down on 'Swift Home' trademark after Taylor Swift appeal
16.02The 10 tricks I used to make my rented room into a home
16.02Fresh legal snag may delay NSEs long-awaited public debut
16.02Corporate revenues jump most in six quarters on GST push
More »
Privacy policy . Copyright . Contact form .