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Well, since you asked... :-)
I've been working on something in this space for a little while. It's called Circles. Originally, I just wanted a safer and easier way to share baby photos with my extended family. Safer than posting pictures of my kid publicly on Facebook. Easier / more convenient than pinging the crap out of everyone's phone on Signal.
It's kind of like a bare-bones version of Facebook. Only you can have multiple social circles (like in G+), each with your own "wall" for posting stuff and timeline of posts from the friends that you're following there.
All posts are E2E encrypted, using the same crypto as in Element/Matrix, and the back end is just a standard Matrix server. The E2EE prevents the server from seeing what you post, or from injecting crap into your timeline. You can use your own Matrix server, or you can sign up to create an account on mine.
It's open source: https://github.com/KombuchaPrivacy/circles-ios
You're welcome to try out the beta if you want: https://testflight.apple.com/join/cwsJZed9
If all goes well, it should go live in the App Store later this month.
Unfortunately it's iOS only for now. I'm working as fast as I can to get started on an Android version.
If you try it out, please let me know what you think! Thanks!!!
Not a social media per se, but a decentralized hosting platform that will distribute decentralized apps securely, where one will privately host its own data and metadata on a home node.
https://holochain.org/
Apps in development (hApps) includes Acorn (for teams), Elemental chat (first actually available and functional distributed hApp), Snap mail, Junto, and more coming.