"[#EugeneRochko] told the Financial Times he had received offers from more than five US-based investors to invest “hundreds of thousands of dollars” in backing the product, following its fast growth.

But he said the platform’s non-profit status was “untouchable,” adding that #Mastodon’s independence and the choice of moderation styles across its servers were part of its attraction.”
https://arstechnica.com/tech-policy/2022/12/twitter-rival-mastodon-rejects-funding-to-preserve-nonprofit-status/

#MastodonMigration #Twitter #TwitterExodus #TwitterMigration #Fediverse #NonProfit