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

18.09The Rise of AI-Enhanced Resumes and Job Applicants [Infographic]
18.09How to Align Brand and Performance Marketing Without Sacrificing Either: A Framework for B2B Marketers
18.09The Hidden ROI Leak: Brand-Bidding and What CMOs Can Do
18.09Zillows staging tool helps potential buyers reimagine homes by restyling them on the fly
17.09Are AI Tools Replacing Traditional Search Engines?
17.09How to Turn Subject-Matter Expertise Into Engagement: B2B Short-Form Video Content
17.09Nikes Air Max RK61 pays homage to Air Afrique and diasporic homecomings
16.09Boutique fitness shifts to utility with The Packs defense-driven workouts
Marketing and Advertising »

All news

19.09Canada and Mexico agree to deepen ties amid Trump trade war
19.09Trump asks US Supreme Court to allow firing of Fed Governor Lisa Cook
19.09Asian stocks rise as global gauge hits new peak
19.09Sebi gives clean chit to Adani on Hindenburg allegations
19.09US vetoes UN resolution on Gaza ceasefire for an immediate and permanent ceasefire
19.09Will Saatvik Green Energy IPO spark long-term value for investors?
19.09Will US Fed rate cut lead to revival of foreign investment in Indian stocks
19.09Nifty, Sensex rise for a 3rd day after US Fed rate cut
More »
Privacy policy . Copyright . Contact form .