QOTD: The Rise of Ello

"The first year was only 100 people!?"

Yeah, it was totally private. About a year and a half ago I went and visited a couple of my friends, Todd Berger and Lucian Föhr, who are my partners on Ello. We said, “You know, all these other social networks are such a drag to us. They’re so cluttered and full of ads and I can’t find my friends anymore and we keep seeing these boosted posts and for some reason Facebook’s decided I’m like a middle-aged woman and I’ve got pantyhose ads.” (Laughs.) It was a drag.

I wasn’t using it much anymore, so we decided to build our own [social network], which we did. All of us got on and talked to each other and it was so nice to have a social network that was really a social network and nothing else.

You may or may not have heard about Vermont-based Ello yet, but I guarantee you will. The ad-free social network is growing by 50,000 new users PER HOUR as we speak. Click on the above link to read Recode’s Q&A with the site’s founder, Paul Budnitz.

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. Warren commented on Nov 19

    .

    tnx for info!

  2. enrique commented on Dec 10

    .

    áëàãîäàðåí!

  3. Dana commented on Dec 26

    .

    good info!

  4. steve commented on Jan 20

    .

    ñïñ!!

  5. pinewswire commented on Sep 22

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2014/10/01/qotd-the-rise-of-ello/ […]

  6. eatverts.com commented on Sep 23

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2014/10/01/qotd-the-rise-of-ello/ […]