In order to prove that Facebook and Twitter are not doing their job properly, Wikipedia co-founder Jimmy Wales has started a social-media website called 'WT: Social’, which will compete with the synergy of both social media. The goal of Wales other than the ad-fund model is to run it through donations just like Wikipedia.
Like these platforms, WT: Social will also allow users to share articles, but it will work through donations rather than through advertising. "The business model of social media platforms is driven entirely by advertising, which is a cause for trouble. It turns out that the content of the big winner is not as good as it should be," Endgadget quoted Wells as saying. "
It is started through a site called Wikitrabune, which provides real original news through community fact-checking and editing articles. WT: Social can be joined for free, but for this, you will have to either donate or send an invitation to a friend. According to Endgadget, it has had 50 thousand users in a month so far.
