Elon Musk, who bought Twitter for $ 44 billion, continues to make new decisions on the social media platform. Some users like the decisions Musk makes, and some do not. Those who don’t like it and those who claim that Musk will “bad” Twitter are switching to alternative social media platforms. The post-Twitter destination of many of these people is Mastodon. Things are looking pretty good for Mastodon founder Eugen Rochko. Investors have even lined up, he said.
“HUNDRED THOUSANDS OF DOLLAR OFFERS”
Eugen Rochko, who launched the open-source social network in 2016, told the Financial Times that he received offers to invest “hundreds of thousands of dollars” in the product from private equity firms in Silicon Valley, The Guardian reports.
But he also noted that more than five US-based investors rejected their “approach.”
Mastodon’s popularity has soared since Twitter was bought by Musk for $44 billion in October. Rochko stated last week that Mastodon’s monthly active users jumped from 300 thousand to 2.5 million.
Rochko, a German software developer, told FT that his platform’s nonprofit status is “untouchable” and that its independence is part of its appeal for users.