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

what about insurance and healthcare?

[–] dan@upvote.au 3 points 18 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 9 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.