24
Mastodon founder says investors lining up since Elon Musk’s Twitter takeover
(www.theguardian.com)
this post was submitted on 29 Dec 2022
24 points (100.0% liked)
Technology
37604 readers
148 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
While "hundreds of thousands" is really not all that much comparatively speaking, I wonder what is stopping these investors from setting up their own Mastodon instance with it? There is really not much additional benefit of investing into the organisation that the Mastodon founder established to hold the trademarks / domain and run the flagship instance.
@poVoq @Greenpepper What's the incentive? What's the exit strategy? What's the expected ROI?
Exactly... to either ways to interpret your question. Although I guess you could sell or otherwise try to monetize a reasonably popular Mastodon instance if your really wanted to.
I also think a big portion of it is riding the popularity wave while you can and getting your name tossed in the bowl while it is going on is a good look.
Seems more like people trying to capitalize on the bull run before it is not as lucrative to an outside investor.