Twitter rival Mastodon rejects funding to protect nonprofit standing

Founder Eugen Rochko said Mastodon would not "turn into everything you hate about Twitter."

Enlarge / Founder Eugen Rochko mentioned Mastodon wouldn’t “flip into every thing you hate about Twitter.” (credit score: NurPhoto through Getty Pictures)

Twitter rival Mastodon has rejected greater than 5 funding provides from Silicon Valley enterprise capital corporations in latest months, as its founder pledged to guard the fast-growing social media platform’s non-profit standing.

Mastodon, an open-source microblogging website based in 2016 by German software program developer Eugen Rochko, has seen a surge in customers since Elon Musk purchased Twitter for $44 billion in October amid considerations over the billionaire’s working of the social media platform.

Rochko informed the Monetary Occasions he had acquired provides from greater than 5 US-based buyers to take a position “tons of of 1000’s of {dollars}” in backing the product, following its quick development.

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