Twitter rival Mastodon declines funding. Here's why

Mastodon, a competitor of Twitter, has turned down more than five investment proposals from Silicon Valley VC companies in recent months. The inventors of the social app promised to defend the non-profit status of the quickly expanding social media site, according to a report.

Since Elon Musk purchased Twitter for $44 billion in October amid worries over the billionaire's management of the social media network, Mastodon, an open-source microblogging platform created in 2016 by German software engineer Eugen Rochko, has witnessed a rise in users.

Following the product's rapid rise, Rochko told the Financial Times that he had had requests from more than five US-based investors to put "hundreds of thousands of dollars" in it.


But he said that Mastodon's non-profit status was 'untouchable' and that its independence and the variety of moderating methods available on its servers contributed to its appeal.

Rochko asserted that Mastodon won't become everything you detest about Twitter. Its potential for sale to a controversial billionaire, closure, bankruptcy, and other potential outcomes.



After sharing information regarding the route used by Elon Musk's private plane this month, Twitter momentarily blocked the accounts of Mastodon and a number of journalists. A prohibition on connections to competing social media sites like Mastodon was also mentioned by Twitter, however the company eventually changed its mind.

Data from Sensor Tower shows that daily Mastodon downloads increased from 6,000 on October 27, the day Musk purchased Twitter, to a peak of 243,000 on November 18. The use of other, more niche competitors' websites, like Tumblr, has also skyrocketed.

Mastodon is made up of several decentralized, independently monitored servers, yet it shares many of Twitter's features. The so-called "federated" method allows users to join one server and communicate with users on other servers.

FAQs:

1. Who is the owner of Mastodon?
   In October 2016, Eugen Rochko announced the creation of Mastodon on Hacker News.
2. Mastodon belongs to which country?
   Mastodon is a German company.