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

12.01Our favorite UGreen 3-in-1 wireless charger is 32 percent off right now
12.01Lego's first Pokémon sets are now available for pre-order
12.01Anthropic made a version of its coding AI for regular people
12.01The Disney+ Hulu bundle is on sale for $10 for one month right now
12.01Mark Zuckerberg announces new 'Meta Compute' initiative for its data center and AI projects
12.01Paramount won't quit, files suit against Warner Bros. Discovery over rejected bid
12.01India is proposing another far-reaching security rule for smartphones
12.01Apple's Siri AI will be powered by Gemini
Marketing and Advertising »

All news

13.01Trump announces 25% tariff on countries doing business with Iran
12.01Stocks Reversing Modestly Higher into Final Hour on US Economic/Earnings Optimism, Stable Long-Term Rates, Technical Buying, Alt Energy/Tech Sector Strength
12.01Meta plans to cut about 10% of employees in Reality Labs business
12.01Our favorite UGreen 3-in-1 wireless charger is 32 percent off right now
12.01New Morton Grove Metra station opens but more work on the $4M project still to be done: It was a big deal for us
12.01Paramount escalates hostile takeover bid of Warner Bros. with new board slate
12.01DOJ investigation of Fed Chair Jerome Powell sparks backlash, support for Fed independence
12.01GM nods to its heritage as it begins future at new Hudsons Detroit HQ
More »
Privacy policy . Copyright . Contact form .