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The new “Rich Kids” social media app has a membership fee of $1,000 a month

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Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#41

Post by user5994461 »

enraged_camel wrote: post #22
onion2k wrote: post #16

Earlier quoted context omitted.

A $50/month "social network"... ...would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. The simple fact is, while it's quite distasteful, paying for services by giving away access to your social profile and contact information is a great leveller. Everyone can afford it if they choose to, so everyone gets to access the benefits of social media…

>>A $50/month "social network" would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. You do realize many cellphone plans cost that much if not a lot more, right?

UK cellphone costs:

£7.50/month = 500 MB data + 250 minutes + unlimited texts

£20/month = unlimited data + unlimited minutes + unlimited texts

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#42

Post by disposablezero »

bookworm_420 wrote: post #2

“Only members of Rich Kids can share photos. To become a member, users have to subscribe to Rich Kids Membership. To ensure the quality and exclusivity of our members the membership is set to be $1,000 per month.” This is pure genius if you ask me. Hits them right in the Ego. It's going to be a huge success.

It's not high enough to make a reasonable difference because not just large companies will be fine paying that to target people with ads, spam and/or zombie accounts.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#43

Post by hellofunk »

If the profits were genuinely used for charitable purposes, then I suppose this is one way to implement wealth redistribution, perhaps more explicitly than government taxation and policies, but potentially more efficiently.

That said, such explicit divides in a society are rarely a source of good for the world.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#44

Post by user5994461 »

gambiting wrote: post #24
missbit wrote: post #8

fail. I don't think rich kids want to be known as rich kids. Even to other rich kids! There are a few that might, but those are the current stars of Snapchat & are probably already under contract.

There's loads of people who pay insane membership prices(sometimes a lot more than $1000/month!) just to be members of an exclusive country club where they know only similarly wealthy individuals are allowed. The only thing that is surprising about this social network to me is that it took this long for someone to get the idea.

Except that the country club is local and with a bouncer at the entrance. You know who you are dealing with.

Showing oneself on the internet to anyone is not really comparable. How long before your identity and all your pictures on NewSocialPlatform are available on the internet and on google search?

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#45

Post by dagw »

imtringued wrote: post #26
onion2k wrote: post #17

Earlier quoted context omitted.

What makes you think people who could afford that have trouble finding a date?

When both parties pay the fee that filters out people that date someone only for the money.

500$/month might be a reasonable investment for some people if the potential payoff is a spouse worth 10s or 100s of millions.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#47

Post by baq »

enraged_camel wrote: post #22
onion2k wrote: post #16

Earlier quoted context omitted.

A $50/month "social network"... ...would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. The simple fact is, while it's quite distasteful, paying for services by giving away access to your social profile and contact information is a great leveller. Everyone can afford it if they choose to, so everyone gets to access the benefits of social media…

>>A $50/month "social network" would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. You do realize many cellphone plans cost that much if not a lot more, right?

in the US? certainly not in India.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#48

Post by bobjordan »

gambiting wrote: post #24
missbit wrote: post #8

fail. I don't think rich kids want to be known as rich kids. Even to other rich kids! There are a few that might, but those are the current stars of Snapchat & are probably already under contract.

There's loads of people who pay insane membership prices(sometimes a lot more than $1000/month!) just to be members of an exclusive country club where they know only similarly wealthy individuals are allowed. The only thing that is surprising about this social network to me is that it took this long for someone to get the idea.

Like, every golf course here in Shenzhen, which the lowest cost deal for a membership is over $100,000 USD for the entry-level membership, and if you want access to the elite courses, you're going to pay more than $350,000 initial fee to join. After meeting this initial fee hurdle, then you get to pay the monthly maintenance fees ~$1000 USD and also additional green fees on the weekends, if you didn't buy in at the highest level. There is definitely a market for real life premium social clubs but I'll be suprised if it translates to an app.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#49

Post by superplussed »

It's hard to imagine this as anything other than a quick cash-grab, especially with all of the bad copywriting on the site:

"One-third of your membership is donated to charities helping kids living in poverty to study."

"Everyone can have an account on Instagram, but only really rich can afford their profile here..."

This is especially notable given that there are only about 100 words of content.

And who actually believes that they are going to give 1/3 of their profits with so little transparency about where it is going? It just reads as a cynical and dishonest hedge against all of the criticism that they will inevitably get.

Re: The new “Rich Kids” social media app has a membership fee of $1,000 a month

#50

Post by sealjam »

user5994461 wrote: post #41
enraged_camel wrote: post #22

Earlier quoted context omitted.

>>A $50/month "social network" would be beyond the budget of a large part of the population. Not many people have $600/year to spend on a communications tool. You do realize many cellphone plans cost that much if not a lot more, right?

UK cellphone costs: £7.50/month = 500 MB data + 250 minutes + unlimited texts £20/month = unlimited data + unlimited minutes + unlimited texts

Could you please direct me to the latter deal? I didn't find anything like that when I came to renew my plan.
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