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New WT the social network:Social will use the business model of Wikipedia and operate on user donations.
One of the creators of Wikipedia launched ad-free social network / Wikipedia

One of the founders of Wikipedia Jimmy Wiels launched a social network WT:Social, which can become a competitor to Facebook and Twitter without ads and absurd “Clickbank” headers.

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As the Financial Times, users WT:Social can share materials and discuss them in news feed, similar to the tape Facebook. The subjects of discussion can be almost anyone, from politics and technology to rock music and beekeeping.

To ensure new product Wiels wants to apply a business model of “Wikipedia”. WT:Social will rely on the donations of a small number of users to do without advertising.

It is Oiels blames the problems of existing social networks, as it in the most advantageous position there is low-quality content. If Facebook and Twitter are promoting in the top ribbon of the publication with the highest number of comments or likes, then WT:Social will publish first of all fresh materials.

However, in the social network can add a button to “upvote”, which will allow users to recommend quality content.

It is noted that since the launch in October in WT:Social came about 50 thousand users. According to Wiels, donations to the new social network made more than 200 users. He looks at the example of Netflix, Spotify and the New York Times, as proof that the new generation of users willing to pay for “meaningful” content.

“It will not be very profitable, but it will be viable,” he said Wiels.

Ideologist of the project believes that it is time for a new place, free of “Clickatell nonsense”.

“People are fed up with all this stuff around… News organizations are doing everything they can in this difficult environment, but really the problem lies in the dissemination [of news]”, – concluded Uials.

Earlier it was reported that social network Twitter will no longer publish political advertising.