The Social Media Business Model of Facebook and Twitter

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Social is my new project, new platform. I started this project a couple o years ago realizing that something's terribly wrong with the news. The advertising only business model of facebook and twitter are to show you as many ads as possible in order to keep you clicking. And so i said, look, what if we had a different kind of social network where everything is optimized around content? These are quality things that you should read. These are things that you're going to find interesting.

Chris Hirst, Global CEO of advertising group Havas Creative, cuts through the bullshit and gets to the heart of modern leadership in this straight-talking podcast brought to you by Intelligence Squared. In this episode Chris Hirst speaks to the internet pioneer and Wikipedia founder Jimmy Wales who is perhaps the most famous silicon-valley entrepreneur to not become a billionaire. Wikipedia has changed how knowledge is accessed across the world, with 1.5 billion devices accessing the site every month. Jimmy Wales is also founder of the Wikimedia Foundation and co-founder of Wikia, a privately owned free web hosting service he set up in 2004. In 2019 he founded WT.Social, a microblogging site pitched as a 'non-toxic social network...where advertisers don't call the shots'. The service contains no advertisements and runs off donations. To subscribe click here: https://pod.link/1533418365

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