Bloomberg Businessweek June 28,2021 pp22 |Technology|”New Architecture For Social Media” “Project Liberty is making a long-shot bet that blockchain can disrupt Facebook” “THE BOTTOM LINE A blockchain-based approach to social media could make it harder for larger companies to dominate, but getting the world to switch is no easy task.”
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Frank McCourt ex-owner of the Los Angeles Dodgers doesn’t like what’s happening in social media and especially the dominance by Facebook and other large social media giants. McCourt is putting $100 million behind Project Liberty that “centers on the construction of a publicly accessible database of people’s social connections, allowing users to move records of their relationships among social media services instead of being locked into a few dominant apps.” McCourt believes the current milieu “’threatens capitalism because capitalism needs to have some form of fairness in it in order to survive.” Reportedly, “Twitter Inc. has been pursuing a similar projected, name Bluesky.”
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