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

23.01TikTok finalizes deal for its US entity
23.01Sennheiser introduces new TV headphones bundle with Auracast
22.01Darth Maul's standalone series premieres on Disney+ on April 6
22.01JBL made a pair of AI-powered practice amps
22.01Telly has only delivered 35,000 of its free televisions with always-on ads
22.01David Ellison extends deadline for Warner Bros. Discovery takeover offer
22.01Fable will let you be a heartless landlord this fall
22.01Double Fine announces delightful-looking multiplayer pottery game Kiln
Marketing and Advertising »

All news

23.01Demand for online jewellery boosts December retail sales
23.01Realty weakness overdone, midcap correction throws up long-term opportunities: Sandip Sabharwal
23.01Does TikTok's US deal threaten the company's global ambitions?
23.01Largecap IT looks safer than midcaps; IndiGo correction offers upside: Sandip Sabharwal
23.01Award-winning restaurant to close amid rising costs
23.01Jamie Dimon wants government to restrict AI layoffs
23.01Friday Watch
23.01Markets volatile, but earnings and structural story remain intact: Mayuresh Joshi
More »
Privacy policy . Copyright . Contact form .