Days after Meta announced controversial changes to its content moderation policies, a group of prominent technology leaders and nonprofit executives launched an ambitious $30 million campaign to build a social media ecosystem free from 'billionaire control'.
'For the first time, we have a clear pathway to securing the future of social media as a tool for connection, creativity, and joy,' Nabiha Syed, Executive Director of Mozilla Foundation and one of nine custodians overseeing the project, said in a statement.
The campaign's immediate goal is to raise $4 million as part of a larger $30 million three-year effort. The funds will be used to establish a public interest foundation supporting the AT Protocol and build independent infrastructure.
The project comes at a critical moment when traditional social platforms are facing intense scrutiny over their concentrated ownership and control, highlighting the need for a truly independent social media.
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