41–45 of 45 posts
Earlier quoted context omitted.
Then I would have no problem paying, and Facebook would be glad to make 10x what they would have otherwise.
Facebook currently make $60 per user in the US, a little less for the EU, and basically nothing per user in the rest of the world. It seems doubtful that to many people would pay $60 per year for Facebook, at certainly not $600 if they where to make 10x (minus the overhead of running ad sales)
How is this different than any other company in any other industry? https://en.m.wikipedia.org/wiki/Information_broker This is credit agencies' entire business model and you can't even opt out/close your account
I believe the major difference here is that credit bureaus are open about their business models. Can’t say the same about the ways in which Facebook monetizes data.
Earlier quoted context omitted.
Then I would have no problem paying, and Facebook would be glad to make 10x what they would have otherwise.
Facebook currently make $60 per user in the US, a little less for the EU, and basically nothing per user in the rest of the world. It seems doubtful that to many people would pay $60 per year for Facebook, at certainly not $600 if they where to make 10x (minus the overhead of running ad sales)
Even if customers pay for a service, isn't it likely that eventually the service will also want to sell their data anyway in order to increase margins?
The potential reputation hit is harder to justify if you've got robust other income streams.
Earlier quoted context omitted.
Then I would have no problem paying, and Facebook would be glad to make 10x what they would have otherwise.
Facebook currently make $60 per user in the US, a little less for the EU, and basically nothing per user in the rest of the world. It seems doubtful that to many people would pay $60 per year for Facebook, at certainly not $600 if they where to make 10x (minus the overhead of running ad sales)