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[-] autotldr@lemmings.world 1 points 7 months ago

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Click here to see the summaryMastodon’s service, an open source, decentralized social network and rival to Elon Musk’s X, has gained increased attention following the Twitter acquisition as users sought alternatives to X’s would-be “everything app” that felt more like the old Twitter of days past.

As part of the “fediverse” — or the open social web made up of interconnected servers communicating over the ActivityPub protocol — Mastodon benefits users who no longer want to be locked into a centralized social network that can be bought and sold to new billionaire owners, like Musk.

“…we have received a notice from the same tax office that our non-profit status has been withdrawn,” wrote Rochko on the Mastodon blog.

Mastodon’s day-to-day operations were unaffected by this change, as most of its income comes from the crowdfunding platform Patreon.

It also received donations from Jeff Atwood and Mozilla at $100,000 apiece, which allowed the company to hire a third full-time developer this year.

In addition to Biz Stone, other board members include Esra’a Al Shafei, a human rights advocate and founder of Majal.org; Karien Bezuidenhout, an advocate for openness and experienced board member across sustainable social enterprise; Amir Ghavi, a partner at law firm Fried Frank, where he’s the co-head of the Technology Transactions Practice; and Felix Hlatky, the chief financial officer of Mastodon since 2020, who originally incorporated the project as a nonprofit LLC in Germany and helped it raise additional funds.


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this post was submitted on 30 Apr 2024
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