About New York - Creating a Network Like Facebook, Only Private - NYTimes.com
4 students at NYU are working on a private, open-source social network alternative to Facebook.
Here is a link to their project site Diaspora.
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Update:
Facebook Rival Raises $200K Without A Single Line Of Code
4 students at NYU are working on a private, open-source social network alternative to Facebook.
Here is a link to their project site Diaspora.

Update:
Facebook Rival Raises $200K Without A Single Line Of Code
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