Mastodon announces transition to non-profit structure | TechCrunch
Briefly

"When founder Eugen Rochko started working on Mastodon, his focus was on creating the code and conditions for the kind of social media he envisioned. The legal setup was a means to an end, a quick fix to allow him to continue operations. From the start, he declared that Mastodon would not be for sale and would be free of the control of a single wealthy individual, and he could ensure that because he was the person in control, the only ultimate decision-maker."
"We are taking the time to select the appropriate jurisdiction and structure in Europe. Then we will determine which other (subsidiary) legal structures are needed to support operations and sustainability."
Read at TechCrunch
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