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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 comp...

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. 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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