Tech investment pioneer launches competition to find and fund a social network to replace Facebook

Jason Calacanis will offer seven “purpose-driven teams” $100,000 each, aiming to build a billion-user platform that protects privacy. He posted a trenchant critique of Facebook’s privacy policy on YouTube as long ago as in 2009.

This individual line of attack Zuckerberg will probably find it easy to survive, in my view. A concerted move by well-resourced actors passionate about privacy protection and dismantling of the kind of worst case George Soros worries about – i.e. marriage of Zuckerberg’s benevolent-dictator type of surveillance capitalism with authoritarian-intent governments – would have a much better chance of success.

Image: YouTube screenshot

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