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

20.02Xbox head Phil Spencer is leaving Microsoft
20.02Tunic publisher claims TikTok ran 'racist, sexist' AI ads for one of its games without its knowledge
20.02OpenAI will reportedly release an AI-powered smart speaker in 2027
20.0213-hour AWS outage reportedly caused by Amazon's own AI tools
20.02NASA targets March 6 for Artemis 2 launch to take astronauts around the Moon
20.02Ubisoft lays off 40 staff working on Splinter Cell remake, says game remains in development
20.02AI Update, February 20, 2026: AI News and Views From the Past Week
20.02Engadget Podcast: Instagram on trial and the RAMaggedon rages on
Marketing and Advertising »

All news

21.02Sweeping tariffs gone but Trump's 10% global tariffs on. What to expect from markets on Monday?
21.02Top 5 flexicap funds with highest risk-adjusted returns. Check details
21.02Bitcoin trades around $68,000, shows resilience despite new US tariff developments
21.02Powering the AI revolution: A Rs 200 lakh crore opportunity for capital markets
21.02US Markets | Peter Lynchs stock playbook decoded for todays volatile markets
21.02Bought and sold gold or silver ETFs on same day amid sharp price swings? Know the tax impact
21.02US-Iran conflict may spike Indias crude prices and fuel inflation
21.02F&O Talk | What the current long-short ratio tells about FII positioning? Sudeep Shah on Ola, Newgen, 4 more top weekly movers
More »
Privacy policy . Copyright . Contact form .