Monday, March 27, 2023

Twitter rival Mastodon is turning down investors

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Not in the mood for foreign millions

Twitter rival Mastodon is turning down investors

Since Elon Musk took over the news service Twitter, interest in the open source alternative Mastodon has increased significantly. This calls venture capitalists into action. But that’s not what Mastodon was waiting for.


Mastodon doesn’t want money from venture capitalists – although the platform could use some.


Jean Claude RaemyEditor Economics

Mastodon is commonly considered a “replacement” for Twitter. Admittedly, the user numbers are still far removed from those of Twitter. However, after every negative message on Twitter – and there have been quite a few since Elon Musk took over the platform – the number of downloads of Mastodon has increased significantly. The “Financial Times” was able to prove this statistically.

At Mastodon itself, the number of users rose from 300,000 to 2.5 million per day between October and November alone. At least that’s what the German software developer Eugen Rochko (29), who founded the open source microblogging website in 2016, writes in his blog.

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