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Would-be Twitter rival today shed some light on its first major round of subscription renewals, and the outlook isn't so good. The "state of the union" starts off on a positive note, revealing that has tallied enough renewals for the service "to be profitable and self-sustaining." Operating and hosting costs are covered, and co-founders Dalton Caldwell and Bryan Berg claim that will "continue to operate normally on an indefinite basis."

That's where the good news ends. Apparently the renewal rate wasn't high enough to leave a sufficient salary for's full-time employees (including Caldwell and Berg). Moving forward, will no longer employ any salaried employees. "Dalton and Bryan will continue to be responsible for the operation of, but no longer as employees." Contracted workers will continue to be paid for supporting and improving the product. will keep going as long as there are customers to support it

Starting today, says it will begin to open source a larger percentage of its core codebase. The move allows community members to step up and add improvements and contributions of their own to push's mission forward. "The continued support and interest of the community is vital the continued health and wellbeing of the platform." Caldwell and Berg say their intention is to keep running as long as there are customers using and supporting it. "We continue to believe in the usefulness of a sustainable social platform where users and developers are customers, and not the product being sold to advertisers." was created with the help of crowdfunding and a promise that it would steer clear of ad-based revenue. Caldwell envisioned a "better" and developer-friendly version of Twitter with a focus on users. But moving away from ads meant people would have to pay for that experience. To its credit, has accumulated over 200,000 users and a talented developer community, but the road forward looks very uncertain.