Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2025-01-13 18:46:41| Engadget

I think its safe to say that most humans on this planet are growing, how can I put this lightly, weary of the current billionaire stewards of our social media ecosystem. X is a hateful mess. Meta is trying to become a hateful mess. TikTok is likely on its way out. Social media is just not that fun or useful anymore. However, a cadre of celebrities and notable ex-Twitter users are trying to save social media from billionaire capture by creating something called FreeOurFeeds. These folks want to build a new social media ecosystem, one that is focused on the public good instead of profit-driven incentives, as reported by User Mag. So thrilled to be working with folks like @audreyt, @doctorow, @shoshanazuboff, @Moonalice and @jimmy_wales on #FreeOurFeeds.Weve got a chance here: Blueskys open protocol is an incredible opportunity to reimagine social media and take it back from fickle billionaires. https://t.co/QSjbg6MAIV Eli Pariser | @elipariser@mastodon.social (@elipariser) January 13, 2025 Some of the big names behind this project include actor Mark Ruffalo, actor/director Alex Winter and sci-fi writer/journalist Cory Doctorow. Brian Eno is involved, as is Jimmy Wales (the founder of Wikipedia.) The plan involves building new social media apps on top of the pre-existing AT Protocol, which is a decentralized framework that Bluesky runs on. This would ostensibly give users significant control over their data, algorithms and the entire online experience. The last two decades have seen the world sleepwalk into a situation where a handful of companies dictate our entire social media experience. Now, for the first time we have an opportunity to rewrite the rules. Blueskys underlying technology, the AT protocol, could offer a new pathway for the social web. said Sherif Elsayed-Ali, Executive Director of the Future of Technology Institute. There are a couple of major hurdles here. Bluesky is still backed by venture capital, so the team has to raise money to ensure the underlying technology is put on an independent pathway, so that the future of social media can be freed from the whims of any one company or group of billionaires. The foundation also requires money to start building critical infrastructure. All told, the organization hopes to raise $30 million over the next three years. Theres a GoFundMe right now, with the intent to raise an initial $4 million. Initial funds will be spent to launch a public interest foundation that will attempt to make Blueskys underlying tech fully resistant to billionaire capture. Before you dismiss this notion as a bunch of rich celebrities holding out a donation can, lets remember that even the wealthiest celebrity doesnt hold a handle to the billionaires that control the levers of power. Mark Ruffalo, likely the most notable member of the group, is worth around $30 million and Alex Winter is worth $4 million. Elon Musk is worth $416 billion and Mark Zuckerbergs worth is creeping up on $220 billion. Musk is worth, wait for it, around 14,000 times more than Ruffalo. The difference between million and billion is pretty serious.This article originally appeared on Engadget at https://www.engadget.com/social-media/celebs-and-tech-luminaries-including-mark-ruffalo-want-to-create-a-fully-open-social-media-ecosystem-174641161.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

09.01It's time for Apple to reinstate ICEBlock
09.01Amazon is apparently planning a big box store in the Chicago suburbs
09.01Monarch Money's budgeting app is 50 percent off for new users
09.01The Morning After: The best of CES 2026
09.01WhatsApp might soon be subject to stricter scrutiny under the EU's Digital Services Act
09.01ExpressVPN two-year plans are up to 78 percent off right now
09.01CES: So very big, so little sustainability tech
09.01CES 2026 proved the PC industry is hosed this year
Marketing and Advertising »

All news

10.01Freddie, Fannie $200 billion mortgage bond buy underway with $3 billion purchase, FHFA's Pulte says
10.01Argentina pays $4.3 billion to bondholders, meeting critical deadline
10.01Techno Paints to raise Rs 500 cr through IPO in FY27, appoints Sachin Tendulkar as brand ambassador
10.01Prestige Group JV firm buys 16.38-acre land parcel in Chennai for Rs 561 cr
10.01F&O Talk | Nifty cracks after new high: Is this the start of a deeper fall? Sudeep Shah answers
10.01Apples big 2026 plans
10.017 ways to learn faster and improve your memory, backed by neuroscience
10.01Motilal sees silver sparkle through 2026, pegs Rs 3.20 lakh target. Is the big run just beginning?
More »
Privacy policy . Copyright . Contact form .