#Tech news

Twitter co-founder Biz Stone joins board of Mastodon’s new US nonprofit


Biz Stone, a Twitter co-founder, is among those who have joined the board of directors of Mastodonā€™s new U.S. nonprofit, Mastodon CEO Eugen Rochko announced over the weekend. Mastodonā€™s service, an open source, decentralized social network and rival to Elon Muskā€™s X, has gained increased attention following the Twitter acquisition as users sought alternatives to Xā€™s would-be ā€œeverything appā€ that felt more like the old Twitter of days past.

Mastodon only somewhat fits that bill. Though the service resembles Twitter in many ways, itā€™s underpinned by different infrastructure. As part of the ā€œfediverseā€ ā€” or the open social web made up of interconnected servers communicating over the ActivityPub protocol ā€” 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.

Though Mastodon was already established as a nonprofit in Germany in 2021, the creation of a 501(c)(3) nonprofit in the U.S. will allow the company to receive tax-deductible donations and other financial support. The change also comes as Mastodon has inexplicitly lost its nonprofit status in Germany.

ā€œā€¦we have received a notice from the same tax office that our non-profit status has been withdrawn,ā€ wrote Rochko on the Mastodon blog. ā€œThis came with no advance warning or explanation. Earlier this year we went through a successful tax audit, which in fact resulted in some favourable adjustments as weā€™ve been paying too much tax. Our tax advisor immediately submitted an appeal to the decision, but so far, we have no new information,ā€ he said.

Mastodonā€™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.

However, being established as a nonprofit enables Mastodon to communicate how it differs from other social media businesses. While becoming a nonprofit in the U.S. will help Mastodon regain its status, it wants to remain based out of the EU.

In addition to Biz Stone, other board members include Esraā€™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 heā€™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.



Source link

Leave a comment

Your email address will not be published. Required fields are marked *