Technology

41227 readers

322 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 4 years ago

MODERATORS

alyaza@beehaw.org

TheRtRevKaiser@beehaw.org

gyrfalcon@beehaw.org

rs5th@beehaw.org

SemioticStandard@beehaw.org

TheRtRevKaiser@kbin.social

coldredlight@beehaw.org

remington@beehaw.org

112

Mastodon CEO steps down with €1M payout and a deep sigh (www.theregister.com)

submitted 1 month ago by Powderhorn@beehaw.org to c/technology@beehaw.org

26 comments fedilink hide all child comments

Eugen Rochko, CEO and founder of decentralized social network Mastodon, is stepping down after nearly a decade at the helm and walking away with a sizable exit payment.

"Mastodon grew beyond any of my expectations," he said. "The past two years especially have been overwhelming, and my mental and physical health have taken a dip."

Rochko's move has, by his own admission, been a while coming. In April 2024, the establishment of a US nonprofit was announced with a governing board of directors that included Twitter co-founder Biz Stone. Rochko also announced that his ownership of the trademark and other assets were headed to the nonprofit.

you are viewing a single comment's thread
view the rest of the comments

[–] unexposedhazard@discuss.tchncs.de 38 points 1 month ago* (last edited 1 month ago) (1 children)

For this guy to be paid for all his previous work for which he was supposedly very much underpaid just like almost every open source dev out there. For relinquishing control of the project to a new non-profit he can have 10 million for all i care. From the original announcement:

For our team, a vital aspect of getting this restructuring right was making sure that Eugen was compensated fairly for Mastodon’s brand trademark, assets, and the 10 years he spent building Mastodon into what it is today (while taking less than a fair market salary). Based on replacement costs, Eugen’s time and effort, and the fair market value of the Mastodon brand, its associated properties, and the social network, we settled on a one-time compensation of EUR 1M. We are deeply grateful for his past contributions, and look forward to his contributions still to come.