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

14.01Turkey's şbank launches floating branch designed for disaster response
13.01Roblox's age verification system is reportedly a trainwreck
13.01Instagram wants you to personalize your Reels algorithm for 2026
13.01Senate passes Defiance Act for a second time to address Grok deepfakes
13.01Meta has closed three VR studios as part of its metaverse cuts
13.01Proposed legislation opens the door to robotaxi services in New York
13.01Taiwan issues arrest warrant for Pete Lau, CEO of OnePlus
13.01EA delays Battlefield 6 Season 2 to February 17
Marketing and Advertising »

All news

14.01Puravankara shares rally 12% as Q3 sales, collections jump, breaking the slump for the realty stock
14.01Your employees arent disengaged. Theyre fed up
14.01Wednesday Watch
14.01Turkey's şbank launches floating branch designed for disaster response
14.01Gold financiers ride bullion rally, but valuations flash caution: Ambareesh Baliga
14.01Selective buying opportunities emerge as earnings catch up with prices: Aniruddha Naha
14.01Get in shape at home with these 4 free apps and sites
14.01Stock Market Holiday 2026: Are BSE, NSE closed tomorrow for Maharashtra municipal elections?
More »
Privacy policy . Copyright . Contact form .