Skip to content
  • Home
  • Emerging Technology & News
  • Computer Help
  • Privacy and Security
  • Reimage Windows Repair
The Reimage Blog
Menu
  • Home
  • Emerging Technology & News
  • Computer Help
  • Privacy and Security
  • Reimage Windows Repair
Facebook Twitter
Home  /  Business  /  Mastodon Rejects Funding Offers to Preserve Nonprofit Status, Founder Says
PostedinBusiness Posted on December 29, 2022

Mastodon Rejects Funding Offers to Preserve Nonprofit Status, Founder Says

Posted By Matthew.England

Mastodon founder Eugen Rochko tells the Financial Times that he turned down multiple six-figure investment offers to avoid turning the site into ‘everything you hate about Twitter.’

Mastodon, the social media platform that has seen a surge in popularity since Elon Musk took over Twitter, has recently turned down multiple, six-figure investment offers from US venture capital firms, the Financial Times reports.

Site founder Eugen Rochko tells the FT that Mastodon’s nonprofit status is “untouchable.” The German software developer added that he rejected the offers in order to protect Mastodon’s independence, and to avoid it turning into “everything you hate about Twitter.”

That includes “the fact that [Twitter] can be sold to a controversial billionaire, the fact that it can be shut down, go bankrupt and so on.”

Mastodon has been the beneficiary of an exodus from Twitter since Elon Musk became the platform’s CEO in late October. The network saw its monthly active users jump from 300,000 to 2.5 million between October and November. 

The site, which was founded in 2016 as a decentralized alternative to Twitter, currently relies on donations for its continued operation. A significant chunk of those donations come from its Patreon page, which currently shows it as having over 9,000 donors. 

Earlier this month, Twitter announced a short-lived ban on its users linking to other social media sites, which came just as many users were directing followers to their Mastodon profiles.  Rochko, whose platform also saw its Twitter account temporarily suspended after it shared content about Musk’s private jet, blogged that the ban was a “stark reminder that centralized platforms can impose arbitrary and unfair limits on what you can and can’t say.”

He added: “At Mastodon, we believe that there doesn’t have to be a middleman between you and your audience and that journalists and government institutions especially should not have to rely on a private platform to reach the public.”

Mastodon markets itself as a free, open-source, decentralized social media platform. Upon signing up, users are asked to choose a server where their account will reside. Servers are grouped by topic and location and each server is run by a different volunteer admin or team that sets the rules for each server.

Mastodon did not immediately respond to a request for comment

By Marco Marcelline
Source: PCMag.com
Featured Image Credit: SOPA Images/Getty Images

Share on Facebook Share on Twitter
Previous Article
The Biggest Tech Fails of 2022
Next Article
Cambridge University Researchers Develop VR Tool for Cancer Treatment

About Author

Matthew.England

Related Posts

  • ChatGPT: Microsoft to invest billions in chatbot maker OpenAI

    January 25, 2023
  • Microsoft Makes ‘Multibillion Dollar’ Investment in ChatGPT Creator OpenAI

    January 23, 2023
  • The Biggest Tech Fails of 2022

    December 27, 2022
Scan Now

Categories

  • Business
  • Computer Help
  • Emerging Technology & News
  • Privacy and Security
  • Reviews

Reviews

Reimage Social

Security

Popular Posts

  • PCWorld calls Reimage “A Fantastic Repair Utility “ July 26, 2011 Reviews
  • 4 Ways to Keep the Ghouls & Goblins Away From Your PC October 26, 2010 Archive
  • The PC Key to Happiness – A Properly Maintained OS September 2, 2010 Archive
  • Google says hacked websites were attacking iPhones for years September 12, 2019 Privacy and Security

Random Posts

  • Government censorship threats over TikTok spiked interest in VPNs February 8, 2021 Privacy and Security
  • Corsair K100 Air Wireless Review October 6, 2022 Reviews
  • Ultrasound stickers could continuously image internal organs for days August 5, 2022 Emerging Technology & News
  • Cybercriminals use automated bot to bypass 2FA authentication at wide scale June 10, 2022 Privacy and Security
© Copyright 2019
We use cookies to ensure that we give you the best experience on our website.Ok