Facebook Won’t Be Free for Much Longer – Monthly Fees are in the Works
According to sources, including National Report, Facebook has plans to implement a $2.99 monthly fee to all its users. This fee is to begin this November.
In a press conference in California this past weekend, Mark Zuckerberg broke the news. Rising costs are no match for the Facebook ads revenue. So, a new subscriber fee will be implemented.
According to the National Report article, Facebook had 1.317 billion users as of August 2014. That's a lot of users.
Expecting some users will be turned off by the fee, they know they'll lose some. But, most likely the majority will stay put and pay. This means big bucks for Facebook. "If just 75% of those members pay the new monthly service fee of $3, that will mean an annual influx of cash totaling roughly $3 billion. That’s not just an increase in profits of a few dollars, that’s a game changer right there.”
Unfortunately, Facebook is kind of like the 'leader of the pack.' Twitter is close on its heels for much of what the social media giant does. Time will tell which of the other networks will start charging for their services too.
Read the full article at:
Facebook to Charge $2.99 Per Month
Facebook to Charge
NOTE: The internet has reliable and not-so reliable sources. There are also reports that the Facebook news isn't true. To be honest, I'm not absolutely sure which is correct.
The Facebook Newsroom doesn't have any information on the topic.
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