Could Facebook be replaced? Silicon Valley guru aims to create ‘less harmful’ version

Facebook has wormed its way into the centre of most people’s lives – but could the all-encompassing social network be replaced?

That’s what one big tech investor hopes, who is launching a project – Openbook – to ‘start the process of replacing Facebook.’

The idea is to create a ‘social network that is actually good for society’ – which does all the things Facebook does, without destroying people’s privacy and undermining democracy.

Silicon Valley investor Jason Calacanis, one of the early backers of Uber, is launching a big-money competition to create a billion-user social network to replace it, the Guardian reports.

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Calacanis said, ‘All community and social products on the internet have had their era, from AOL to MySpace, and typically they’re not shut down by the government – they’re slowly replaced by better products.

‘So, let’s start the process of replacing Facebook.’

The Openbook Challenge will offer seven teams $100,000 investment to build a Facebook replacement.