The alternative and developer-friendly social network cuts all full-time staff members but plans to “continue to operate normally on an indefinite basis.”
The experimental social service eagerly hopes to attract a larger audience before early backers are asked to renew their subscriptions.
Alternative social network plans to reward developers who build apps using its APIs based on user feedback.
Newly funded App.net may be in its infancy, but it's already attracting a slew of developers vexed by increasingly restrictive policies at the big social networks.
CNET's Larry Magid talks with App.net founder Dalton Caldwell about his ambitious project to create an ad-free, open platform for the sort of third-party social apps Twitter once allowed but now discourages.
An earlier version of this report misstated how the funds were raised. Kickstarter was not used.
Alternative social network achieves crowd-funding goal after a last-minute push for pledges from new sponsors.
The website has only been available to the public for a little over a month, but it's already gaining attention among tech elite.
The effort aims to make it easier for programmers to include social networking functions on websites and Web apps -- and for new social networks to launch.
The business networking site's home page is replaced by a domain sales page for about an hour.