Mastodon rejects VC funding
Via Ars Technica:
“Rochko told the Financial Times he had received offers from more than five US-based investors to invest “hundreds of thousands of dollars” in backing the product, following its fast growth. But he said the platform’s non-profit status was “untouchable,” adding that Mastodon’s independence and the choice of moderation styles across its servers were part of its attraction.”
Twitter rival Mastodon rejects funding to preserve nonprofit status, by Ars Technica