Another reason to love @Mastodon. Twitter rival 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. @Gargron

https://arstechnica.com/tech-policy/2022/12/twitter-rival-mastodon-rejects-funding-to-preserve-nonprofit-status/

Twitter rival Mastodon rejects funding to preserve nonprofit status

Open source microblogging site has seen surge of interest since Musk took over Twitter.

Ars Technica
@austinkocher @Mastodon @Gargron Thank you Eugen - and all hosts like mine @nathan 👍💕

@austinkocher @Mastodon @Gargron

Couldn't they just create multiple new Instances, with whatever corporate sponsorship and custom rules they want, and grow within the fediverse? Like a cancer? They can still brag to advertisers about giving access to all of us. There are 6 million active Mastodon users now, there are 236 million active users on Twitter. If half left to join Matodon, it would have to grow x20 times over.

@Urban_Hermit @austinkocher @Mastodon @Gargron Yes, they could start their own servers, but wildly different rules means no federation with the popular servers. We've seen how poorly Truth and Gab are doing.

And bear in mind that each of those investors may be wanting their own flavor, and it seems unlikely that they will all cooperate. We could end up with more competition rather than less.

@segv11 @austinkocher @Mastodon @Gargron Thanks, I haven't been here long enough to know how previous bad servers got banned. But, there are 6 million Mastodon users and 236 million Twitter users. If half left Twitter for Mastodon, Mastodon would have to grow 20x. It seems like another billionaire could just launch more server capacity than currently exists and the only reason it hasn't happened is because it is not profitable.
@austinkocher @Mastodon @Gargron If they are interested in specific features, there's nothing stopping VC firms from funding developers who can submit pull requests.
@austinkocher @Mastodon @Gargron I don't think mastodon is going to become a satellite technology.