Adam Robertson
 Copperopolis, California 
These people want to replace Facebook...

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We are looking to fund seven purpose-driven teams that want to build a billion-user social network to replace Facebook -- while protecting consumer privacy. We want to invest in replacements that don’t manipulate people and that protect our democracy from bad actors looking to spread misinformation. Join the mailing list to receive regular update...
Michael MD
  
yeah but if they build something centralised and walled-garden-ish and it gets anything like the number of users facebook has its likely that it would end up having a lot of the same problems.

decentralised and federated is better, it lets people choose

users can more freely move between providers

that would help to  "keep the bastards honest"
(a famous aussie political phrase that was used in an election campaign decades ago - though in this case its not about politicians or political parties)  
:-)