Ello Founder And His Anti-Facebook Platform

5

Ello sets out its stall as the alternative social network very early on, with a manifesto which reads: no ads, no data-mining, no algorithms that make decisions about what you should see, no turning users into products. Prospective new users that agree to the manifesto are put on a waiting list for an invitation, with exclusivity just one way that Ello has created such a buzz.

Ello Founder And His Anti-Facebook Platform

Ello: A new vision for social media?

Founder Paul Budnitz seems ready to take on Facebook Inc (NASDAQ:FB) at its own game. “We see Facebook as an advertising platform not a social network,” says Budnitz. “Users are products at Facebook. They want to know as much as possible to advertise to you.”

Seth Klarman’s Foundation Invested In These Three Hedge Funds

Seth KlarmanMany well-known hedge fund managers are also philanthropists, and many of them have their own foundations. Seth Klarman of Baupost is one of those with his own foundation, and he invested in a handful of hedge funds through his foundation. This list of Klarman's favorite hedge funds is based on the Klarman Family Foundation's 990 Read More

Facebook helped Ello garner more interest following a misstep last month. Mark Zuckerberg’s boys deleted drag performers, including Sister Roma and Lil Hot Mess, from the site because they were not using their real names. The LGBTQ community protested Facebook’s decision, and soon flocked to Ello, which allows users to maintain their profile with any name that they like.

With interest piqued, Budnitz sat back and watched things snowball. He claims that the site was getting 4,000 interested new users per hour, a number which he claims has now reached 50,000 sign ups per hour. Kashmir Hill of Forbes asked Budnitz to clarify these numbers, and the figure actually pertains to a combination of people creating new accounts, sending out invites and requesting invitations.

The most exclusive club in town

Profile numbers have been restricted by the need to wait for an invitation to join, which in turn has increased public interest. However, users who have succeeded in opening an account have so far been disappointed with the features available.

Although Budnitz admits that the site is a work in progress, users have complained that they couldn’t block other users. The site will enable users to do so this week, and will replace advertising revenues by charging members for extra features.

It remains to be seen whether Ello can iron out the bugs and kick on from the early hype to become a viable alternative to Facebook Inc (NASDAQ:FB).

Updated on

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. <i>To contact Brendan or give him an exclusive, please contact him at [email protected]</i>
Previous article Rocket Internet Doesn’t Soar In Debut
Next article Lamberth’s Decision On Fannie Mae ‘Just The Beginning’: Investors Unite

No posts to display