Mastodon Announces Ownership Transfer to Nonprofit

Mastodon, the decentralized social media platform, announced plans to transition ownership to a new nonprofit entity based in Europe, aiming to prevent control by a single individual. Founder Eugen Rochko will step down as CEO, taking on a new role focused on product strategy, while the nonprofit will manage key components of the Mastodon ecosystem. This move responds to concerns over the control exerted by CEOs like Elon Musk and Mark Zuckerberg in other social networks. The transition, expected to unfold over the next six months, will not immediately impact users, who will continue to access existing servers. The nonprofit aims to uphold Mastodon's foundational mission of fostering authentic online communities free from ads and corporate monopolies. The exact jurisdiction for the new nonprofit is still being finalized, ensuring a legal framework that supports its sustainability.