Cohost, the X rival founded with an anti-Big Tech manifesto, is running out of money and will shut down | TechCrunch
Briefly

Founded by a not-for-profit software company, Anti Software Software Club, Cohost aimed to disrupt the tech industry with a community-focused, anti-capitalist approach to social media. Their manifesto stated: '[We] have watched the world buy into the lies of people who 'believe in the disruptive potential of technology.'... We think we can do better, by building tools that focus on fair dealing and sustainable growth rather than market dominance.' This mission resonated with a segment of users who craved a more ethical alternative to traditional social networks.
Despite the ambition behind Cohost, the platform struggled against formidable competition from established names like X and new entrants like Meta's Threads. Their model emphasizing a chronological feed set them apart, yet they were ultimately unable to capture a large enough user base amid a plethora of alternatives including Mastodon and Bluesky. As they noted, 'It became clear that sustaining such a venture was becoming increasingly challenging in a market that does not favor small, community-focused initiatives.'
Cohost's operational challenges were compounded by 'lack of funding and burnout,' leading to the difficult decision to shut down their service. Citing these issues, the company acknowledged that it could no longer continue the service, marking a disappointing end to their vision for a more equitable social media experience. Their focus on an ad-free model and deep user engagement was commendable, yet, in the competitive landscape, their approach fell short, and they could not attract sufficient financial support to persist.
Read at TechCrunch
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