The four NYU students  who have pledged to develop an alternative social media platform to Facebook have gained the necessary funds to begin work on the code.

It’s no secret that there is growing displeasure with Facebook’s lack of privacy and May 31st marks the official Facebook exodus date when many current users plan to shut down their accounts.

Word of Diaspora* has come just in time, and though the foursome had already set themselves an incredibly short 3 month completion date goal, many Facebook users are wishing the new open web social media platform was ready yesterday. We’ll all have to wait with bated breath until the end of summer when Diaspora* is slated to be finished and available.

Diaspora* should prove to drastically change the world of social media, allowing users to personally decide just how much privacy they want to give up or maintain. And unlike Facebook, the creators of Diaspora* plan to make the code public, so that anyone can have use of it and expand on it.

Bravo guys, I can’t wait to see the finished product!

The creators of Diaspora*:

NYU students Ilya Zhitomirskiy, Dan Grippi, Max Salzberg, and Raphael Sofaer.

Read more about Diaspora* here.