Facebook alternative Mighty Networks closes $50 million in funding

A social media network that aims to give content creators more financial control just landed a $50 million investment.

Mighty Networks, founded by Gina Bianchini in 2017, has already attracted 10,000 paying content creators and brands to its platform, including the popular TED conferences, Singularity University founder founder Peter Diamandis, and YouTube star Adriene Mishler, who runs Yoga With Adriene. Other creators and brands that have gravitated to Mighty Networks include Gretchen Rubin from The Happiness Project to comedian Lynn Harris of Gold Comedy.