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 threadComing Up Violets!
@michellemanafy @toxtethogrady Thank you, #JohnMastodon !
Dec 28, 2022 at 5:05pmWeb