Mastodon has taken the strategic decision not to accept venture capital investments for growth, but rather restructure to a European non-profit organisation. 👏

https://blog.joinmastodon.org/2025/05/evolving-the-team/

Evolving the Team

An update on Mastodon’s core team and organisation.

Mastodon Blog
@jan More of this, please. Imagine if all companies followed this model. Better yet, if they all functioned as cooperatives. No billionaire shareholders, feeding off every single economic exchange between us lowly serfs. No perverse incentives to satisfy those shareholders' demands for profit at the expense of the needs of workers and users/consumers/clients. No well-defined concept of "profit" in the first place, because any extra money would be reinvested back into infrastructure or passed back to customers and workers via lower prices or better wages.
Nemo_bis 🌈 (@[email protected])

Nice: «2025 has been named the United Nations International Year of Co-operatives, with the theme “Co-operatives Build a Better World.” The global co-operative movement deserves this spotlight, showing how co-ops like ours are making a difference by putting people and planet before profit.» https://blog.weareopen.coop/we-are-nine-9d2cc5937a53 #cooperative

Mamot - Le Mastodon de La Quadrature du Net
@boud @jan Awesome! I'm a huge fan of cooperatives, but I had no clue!