“Simply, we are going to transfer ownership of key Mastodon ecosystem and platform components to a new nonprofit organization,” Mastodon says in a blog post, “affirming the intent that Mastodon should not be owned or controlled by a single individual.”
It’s so important to have other models of organization. We don’t have to live in a world where a few monopolies own the entire social web. Participate with the world you want to see.
The Verge