Mastodon Announces Transition To Nonprofit Structure

An anonymous reader quotes a report from TechCrunch, written by Ivan Mehta: Decentralized social network organization Mastodon said Monday that it is planning to create a new nonprofit organization in Europe and hand over ownership of entities responsible for key Mastodon ecosystem and platform components. This means one person won't have control over the entire project. The organization is trying to differentiate itself from social networks controlled by CEOs like Elon Musk and Mark Zuckerberg. While exact details are yet to be finalized, this means that Mastodon's current CEO and creator, Eugen Rochko, will hand over management bits of the organization to the new entity and focus on the product strategy.

The organization said that it will continue to host the mastodon.social and mastodon.online servers, which users can sign up for and join the ActivityPub-based network. Mastodon currently has 835,000 monthly active users spread across thousands of servers. Last year, the company formed a U.S.-based nonprofit to get more funds and grants with Twitter co-founder Biz Stone on the board. At the same time, the organization lost its nonprofit status in Germany. The blog post noted that the new Europe-based nonprofit entity will wholly own the Mastodon GmbH for-profit entity. The organization is in the process of finalizing the place where the new entity will be set up. 'We are taking the time to select the appropriate jurisdiction and structure in Europe. Then we will determine which other (subsidiary) legal structures are needed to support operations and sustainability,â Mastodon said in a blog post. 'Throughout, we will focus on establishing the appropriate governance and leadership frameworks that reflect the nature and purpose of Mastodon as a whole, and responsibly serve the community.'

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