Mastodon will soon be owned by a nonprofit entity
At a time when Elon Musk and Mark Zuckerberg have shown that the whims of one person can upend an entire social network, Mastodon’s 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.<br /> 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," th [...]
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