Competitor Facebookbook. Wikipedia co-founder launched its social network »GoGetNews News


Wikipedia co-founder Jimmy Wales launched the social network WT: Social, according to the Financial Times.

He plans that the site will be able to compete with facebook and twitter through quality content. WT: Social will exist on user donations to do without ads.

According to Wales, advertising is the main problem of the social networks that build a business model on it. As a result, users receive low quality information.

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Wales considers the success of Netflix and Spotify to be a proof of the willingness of users to pay for content that matters to them.

The WT: Social feed is updated based on the chronology of the posts. While Facebook forms a feed based on the number of likes and comments.

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