The idea of paying for Facebook has been going around, and it may not be as bad as we think.2018 has been an interesting news year for Facebook. The Cambridge Analytica scandal brought to light issues of user privacy and the legality of collecting personal information.
Now, the company is considering a paid subscription option for their social media platform.
This might be alarming since for the last 10+ years, Facebook has been a free service.
However, a paid subscription option might not be the worst thing…
An Ad-Free Facebook
One of the main benefits being discussed is the elimination of ads in the interface.
Facebook generates a lot of its revenue from ads. They also allow the social media behemoth to reach the most people possible on the network.
However, some users have started to resent the increased ads.
This is where a paid subscription model comes in. In exchange for cutting down on ads, Facebook would make up the lost revenue through paid subscriptions.
Users would get little to no ads and Facebook would continue generating profits.
Potential Access to More Features and Services
As with any subscription based model, there is possibility to get more for your money’s worth.
Some social media platforms already have paid options. LinkedIn for instance offers a Premium option that gives users access to more information and features on their platform.
It’s possible that Facebook could adopt the same tactic. In exchange for a fee, it possible that users choosing the paid option could have access to any new features put out by the company.
It’s Completely Optional!
Just because you have the option to pay for Facebook doesn’t mean you have to.
In the words of Mark Zuckerburg, “There will always be a version of Facebook that is free.”
This statement suggests that the company will continue to offer its free platform for people to sign up.
While you might have to contend with the ads, the new policies offered by GDPR could result in better protection of your personal information.
The Future is Free?
Whether Facebook decides to offer a paid subscription option is still undecided.
If the option does come to fruition, it will be interesting to see how many users decide to switch.
Is the option to have less ads on the platform outweigh the potential fee that comes with a subscription?
Only time will tell.
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Frier, S. (2018, May 4). Facebook Weighs Ad-Free Subscription Option. Bloomberg. Retrieved from https://www.bloomberg.com/news/articles/2018-05-04/facebook-is-said-to-research-ad-free-subscription-based-version