Cohost going readonly at the end of this month, and shutting down at the end of the year: https://cohost.org/staff/post/7611443-cohost-to-shut-down
Their radical idea of building a social network that did not require a either VC funding or large amounts of volunteer labour has come to a disappointing, if not entirely surprising end. Going in without a great idea on how to monetise the thing was probably not the best strategy as it turns out.
Looking at both cohost and tumblr, I don’t think the funder has an asset that’s worth very much.