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Yope raises $12.3M to build a private social network without algorithms or ads (techcrunch.com)
submitted 3 months ago by to c/technology@lemmy.world
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Focused on private groups of friends and family, Yope has raised $12.3 million in seed funding from investors betting that the future of social networking lies in small, private communities powered by messaging, photo sharing, and, blergh, AI features designed to strengthen real-world relationships. It sounds kinda like old-school Facebook meets the fediverse, but with AI.

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[–] 14 points 3 months ago (1 child)

Lotsa luck!

*stage whisper*: It’ll never work

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  • [–] 8 points 3 months ago

    Well, It'll work for the founder(s) who will probably sell the company at the height of the platform's popularity for stupid amounts of money.

    The new owners (or the OG VC investors) will want a return on their investment though, of course, and the platform will rapidly enshitify pushing out the userbase. Or maybe the users will just deal with it because of the network effect and all. Eitherway the founder(s) will have gotten rich off the sale so they don't care anymore which is pretty much the only goal in founding a company at this stage of capitalism

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