The founder of Wikipedia, Jimmy Wales, has created a social networking platform called WT Social. This platform was developed to rival Facebook in the sense of tackling fake news and challenging the advertising-led business model social platforms are using.
Wales has recently revealed that his new social platform now has more than 160,000 members. This platform, as it is foregoing the usual advertising-led business model, says it will never sell user data to make money.
It says it will make its money from “the generosity of individual donors” rather than ads. If you sign up for the WT Social platform, you are added to a waiting list. You are then asked to invite others or choose a subscription payment.
The subscription is $13 per month or $100 per year in the US. For the UK, it is £10 per month or £80 per year, and Europe is €12 / €90.
WT:Social is branding itself as a “news focused” place. It claims its members will be able to edit “misleading” headlines. They will see the articles shared by their network in a timeline format, appearing with the newest first rather than algorithmically to try to appeal to their interests.
“We will empower you to make your own choices about what content you are served, and to directly edit misleading headlines, or flag problem posts…. We will foster an environment where bad actors are removed because it is right, not because it suddenly affects our bottom-line,” says the platform.