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

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

18 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.

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[–] dan@upvote.au 9 points 23 hours ago* (last edited 22 hours ago) (1 children)

us software salaries are insanely high compared to the rest of the world, because the cost of living in SV is insanely high.

I moved from Australia to the San Francisco Bay Area. My starting income was maybe 3x what I was getting paid in Australia, but the cost of living definitely wasn't 3x higher. Major Australian cities are considered HCOL (high cost of living) areas too. Some things like electronics and food were cheaper in the USA too, at least until inflation and tariffs made everything go up.

[–] lime@feddit.nu 9 points 22 hours ago (1 children)

what about insurance and healthcare?

[–] dan@upvote.au 3 points 17 hours ago (1 children)

The healthcare system in the US isn't great, but you do get a decent experience if you have an employer that offers good insurance. My employer pays most of the cost of my health insurance. I pay around $200/month for my wife and I, but that's pre-tax money, and the plan is great for US standards. $15 for doctor visits and $100 maximum for ER visits.

In Australia we pay a 1.5% tax to fund the public health care system, so for a $60k salary that's $900/year.

[–] lime@feddit.nu 1 points 9 hours ago* (last edited 8 hours ago)

those costs are insane, the us one because it's so high and the oz one for being so low. i think about 20% of our total tax revenue goes to care (health and elderly). for me that's something like €3500.