Mastodon will soon be owned by a nonprofit entity
Briefly

In a significant pivot for the social media landscape, Mastodon's Eugen Rochko is voluntarily transitioning the company to a nonprofit, symbolizing a shift towards collective ownership.
Mastodon’s upcoming restructuring reflects a commitment to ethical operations, as the company aims to select an appropriate jurisdiction in Europe for sustainability.
Rochko has consistently expressed discontent with the dominance of platforms led by individuals like Musk, highlighting concerns over centralized power in social media.
Unlike platforms driven by major tech moguls, Mastodon’s focus on nonprofit governance could provide a blueprint for a morally sustainable approach to social networking.
Read at Engadget
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