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mgas | 3 years ago

Facebook already has a subscription system. They sell hundreds of millions of ad slots per day to willing buyers so they can put messages in front of your eyes. Advertisers subscribe to the FB publishing space based on all your data points gathered on FB and nearly every other place on the Internet...data they gather for free. You willingly go on the site with zero impediments; other site owners willingly put the FB pixel on their sites which track your movements there.

It is as if FB owns a large piece of land which stray cattle randomly enter, FB gladly allows them to graze, then slaughters them and sells the meat piecemeal to the highest bidder. Why would FB want to put up a fence to keep out unwilling livestock?

Excuse the dystopian metaphor, but I think it illustrates how FB actually operates. They put an enormous amount of money and manpower into developing the infrastructure that keeps users on its platform and in its web of tracking pixels, but they don't make any money from keeping the experience a high-quality one. Their main interest is gathering an enormous, aggregated dataset they can sell subscription access to.

They would have to charge an exorbitant account subscription fee to surpass the amount they make from selling access to users' data.

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camdat|3 years ago

Where are you getting these numbers from?

The average return per user per year for FB is easily searchable. Its about $10 a year. Why post this without just quickly checking the real number?

The misinfo on Meta and it's business practices is insane.