Competition offers â¹65 lakh to build a 'better Facebook'
A competition, named Open Book Challenge, is planning to invest â¹65 lakh each in seven teams that can build a new social network that would be a 'better Facebook'. "We want to invest in replacements that don't manipulate people and that protect our democracy," the competition's description read. The teams will be hosted for a 12-week incubator from July.