[shafyy]

I'm impressed by Eugen. Giving up full ownership is absolutely the right thing to do. But most people in this situation would become too greedy and start rationalizing why they should be in control (benevolent dictator). Hats off! Mastodon is heading in the right direction.

[bigiain]

I have for some time considered some of his decision making and community leadership skills a bit suspect. But like you, I am impressed by this move.

I wonder if he's been watching Mullenweg and WordPress's recent drama?

[NoboruWataya]

Mullenweg, Zuckerberg, Musk, whoever runs Reddit now... there's no shortage of CEOs happy to enshittify their platforms.

[whyenot]

Have you seen Reddit's recent stock prices? Bemoan enshtification if you want, but management's decision to include many long term users in the IPO and decisions since then have made many loyal redditors a lot of money ($34 -> $164.82).

[n4r9]

"Yes, the planet got destroyed. But for a beautiful moment in time we created a lot of value for shareholders."

https://www.newyorker.com/cartoon/a16995

[shafyy]

That's exactly part of the problem

[maeil]

I think that's the point, no?

[brianbest101]

Stock prices do not help me find fixes for my 3d printer.

[Ruthalas]

But they can [organically] suggest a great replacement to purchase!