We all know very well that the social network giant Facebook is going through a major crisis after the Cambridge Analytica scandal has come to light. It is difficult to predict what will happen, and if the largest social network in the world will get out of this pothole correctly. However, now according to the latest reports, recently, a competition challenging people to build a successor to Facebook and to do so they are offering $100,000 as a fund.
The social network giant Facebook is going through a major crisis after the Cambridge Analytica scandal has come to light. It is difficult to predict what will happen, and if the largest social network in the world will get out of this pothole correctly.
But they accumulate more problems in recent months, with the algorithm change as one of the most recent. And that’s when those who believe they could do better begin to leave. If you are one of those, there is an open challenge in which someone can take $100,000 just for that: make your own Facebook.
This initiative defeats Facebook, the world’s largest social network, has some privacy problems. For this reason, they are looking for who is able to build a new social network as an alternative to the company of Mark Zuckerberg and for this, they have an investment fund of $100,000.
The funny thing about all this is that the initiative has decided to carry it out as a challenge, and they call it Open Book Challenge. But it is not a single person what they are looking for, obviously, but a complete team in which, among other things, there will have to be one or several developers.
It is something like a contest, even if they are ‘selling’ it as a challenge and ultimately it corresponds to an incubator project. The project in question will start in the month of July, which is when they intend to have a determined team to carry out the project of this new social network.
A social network that, by the way, is not a singular project. During the last few years, there have been dozens of entrepreneurs who have tried to follow in the footsteps of Mark Zuckerberg and who still after getting financial support from incubators like this one, have not succeeded.
In this link, whoever believes that he/she has the ability to create an alternative to Facebook can cast his/her ‘request’, or his/her proposal. And if you had already created a project before, there is no problem, because they also accept proposals from existing social networks to invest that $100,000.