Social Networks: Can We Fix Them?
summary
A new social network called OpenBook claims to replace engagement-for-profit with privacy and community rules, publishing open source mobile and web app code plus a public dashboard of income and expenses, no tracking, and 90% test coverage. Features include optional follower counts, community-first public timelines, encrypted circle posts by year end and Silent Phone chat integration. Revenue is a small optional subscription, 30% of profits pledged to charity, and current alpha metrics are 3,000 paid users, 1,500 communities, 25,000 posts with ~40,000 on the waitlist.
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chapters (11)
- 0:00Introduction to social networks
- 0:40History of social media evolution
- 3:53Facebook’s rise and dominance
- 4:56Advertising and profit models
- 7:24Problems with current social media
- 9:56Why companies won’t fix social media
- 10:17Introducing Open Book
- 12:23Open Book’s core principles
- 13:30Sustainable growth and revenue
- 14:59Can we fix social networks?
- 15:43Q&A session
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