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Twitter Co-Founder Biz Stone To Facebook: Start a Premium Subscription Service
An anonymous reader writes "Twitter co-founder Biz Stone today decided to offer some business advice for Facebook: launch a premium subscription service. For $10 a month, Stone figures the company could get rid of ads on its site for those willing to pay to go 'premium.' He says in part: ' Anywhoo, now that I’m using it and thinking about it, I’ve got an idea for Facebook. They could offer Facebook Premium. For $10 a month, people who really love Facebook (and can afford it), could see no ads. Maybe some special features too. If 10% percent of Facebook signed up, that’s $1B a month in revenue. Not too shabby. It’s a different type of company, but by way of validation, have a look at Pandora’s 1Q14 financial results. Of all Pandora’s revenue generators, the highest growth year-over-year by far (114% growth rate) is in subscriptions—people paying a monthly fee for an ad-free experience....."
Think how valuable that list would be. The world's uberchumps.
John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
Anywhoo, now that I’m using it and thinking about it, I’ve got an idea for Facebook. They could offer Facebook Premium. For $10 a month, people who really love Facebook (and can afford it), could see no ads. Maybe some special features too. If 10% percent of Facebook signed up, that’s $1B a month in revenue. Not too shabby.
The problem is highlighted in bold. People who love Facebook and are willing to pay $10 a month isn't 10% of Facebook's user base, it probably isn't even 1%. I think hardly anyone really "loves Facebook" at all actually, the only reason people stick around is because that's where their friends are.
Facebook really needs to improve their platform *a lot* if they want to charge people money for it, because in it's current state, it isn't worth a dime.
Pretty good is actually pretty bad.
10$ a month to have total anonymity to the government. pay 10$ a month and the government cant access your facebook... EVERYONE would buy that
I'd pay for a subscription if it gave me access to, and the ability to delete, any information they have that references me.