Ello Raises $5.5 Million, Legally Files As Public Benefit Corp. Meaning No Ads Ever

 Ello.co, the ad-free social media network which blew up last month, has nabbed $5.5 million in venture capital funding even as it plants a legal flag in the ground that the company will never make money from selling ads or user data and that no acquirer can do so either. The company filed in Delaware as a Public Benefit Corp., which Ello says makes it legally impossible under US law for… Read More