Mastodon Creator Steps Down, Eyes Non-Profit Future

Eugen Rochko, the founder of the decentralized social network Mastodon, has stepped down as CEO to facilitate the organization's transition into a non-profit entity. This organizational shift marks a significant leadership overhaul, designed to secure Mastodon's future by establishing a board of directors and reducing dependence on any single individual.

As part of this restructuring, Mastodon aims to expand its business and mission, with Rochko transitioning to an advisory role. He was also compensated with a €1 million payment, recognizing his years of dedication and below-market salary. New leadership includes Felix Hlatky as Executive Director, aiming to secure new funding opportunities and engage with a wider range of stakeholders.

The platform's move to a non-profit structure, with ongoing efforts to establish an entity in Belgium, seeks to unlock new funding avenues, particularly in Europe. Mastodon has also attracted significant funding from notable figures like Jeff Atwood and Craig Newmark to support this transition, underscoring a commitment to remaining "billionaire-proof" social media.