Michelle ManafyDec 28, 2022
Mastodon has rejected more than five investment offers from Silicon Valley venture capital firms in recent months, as its founder pledged to protect the fast-growing social media platform’s non-profit status. (open access link) https://on.ft.com/3YSq8PU
#twittermigration #mastodon
Show threadtoxtethogradyDec 28, 2022
@michellemanafy So they wanted to buy a piece of the Fediverse? What did they say to making it a donation?
Show threadMichelle ManafyDec 28, 2022
@toxtethogrady No doubt there's interest in turning it into a commercial platform, but I really hope it stays independent!
According to the article (citing founder, German software developer Eugen Rochko):
Mastodon will continue to rely on donations to fund the platform. The site has more than 8,500 donors on the membership platform Patreon, through which it is raising over £25,000 a month. This compares with total earnings of just over €55,000 in the six months from June to December 2021.
Show threadSergio
@michellemanafy @toxtethogrady Plus, Mastodon has been reeleased with a free software license. They can got a commercial platform if they want it, but the license will preserve the project anyway in any other form or name, so the instances will remain availables. They can sponsor a ' commercial instance ' of whatever they want ( and its ok ), but only for their own single instance.
Dec 28, 2022 at 4:25pmWeb