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Twitter co-founder Biz Stone joins board of Mastodon's new US nonprofit | TechCrunch (techcrunch.com)

submitted 6 months ago by sexy_peach to c/technology

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[–] WatDabney@sopuli.xyz 1 points 6 months ago

I would presume it's not paid yet (though the CEO certainly is). That phase of the operation comes later.

For the moment, they're working to solidify as much control as possible of as much of the fediverse as possible, which control will allow them to gatekeep it, monetize it, extract rent from it and inevitably enshittify it. That, so it's hoped, will be the phase during which their investment now will pay off.