I think part of the issue with Ello was that they sell themselves as non-corporative social media while maintaining two of the most important characteristics of corporative social media:
- Centralisation and lack of federation
- Being closed-source
The story would have gone completely different if they
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Had made it open-source allowing users to contribute to the project, both as devs and through donations.
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Added decentralisation and federation, allowing others to make their own Ello servers. This could have taken a lot of weight (financial and otherwise) from the developers/founders. Users cost money. Dividing the user base within different servers, pay by and moderated by different people means dividing the costs.
Why would I want to follow either account?