As is known, Mastodon has rejected “more than five” investment offers from Silicon Valley venture capital firms in recent months. The founder of the platform, which started to grow rapidly thanks to rumors about possible problems on Twitter, promised to maintain its non-commercial status.

what is known

Mastodon is a distributed and unified social network. It consists of separate independent servers where users register. You can freely communicate with other servers, broadcast “blows” limited to 500 characters, flexibly configure their privacy, etc. The difference from Twitter is self-management – your server may have its own rules followed by the administrator who created it. There are also public, basic servers on behalf of the social network. By the way, it was created by the Russian Evgeny Rochko, who immigrated to Germany at the age of eleven and is now referred to in all sources as the German programmer.

As Rochko himself told the Financial Times, received offers from more than five American investors looking to invest “hundreds of thousands of dollars” to support the product after its rapid growth. But he said the platform’s non-commercial status remains “pristine”, adding that Mastodon’s independence on its servers and choice of moderation styles are part of the service’s appeal.

Mastodon won’t turn into everything you hate on Twitter. It could be sold to a controversial billionaire, shut down, bankrupt, etc. There is a difference in paradigms,
– the founder of the social network commented.

The company will continue to rely on donations. The Patreon platform has over 8,500 donors raising over £25,000 per month.