The face of social media is changing as we know it. Faced with slowing user growth, declining ad revenue and a saturated smartphone market, the industry is forced to rethink its business model.
When something is free, you are the product ... love that saying and I might be willing to pay if the platform ads value and fits my ways ... no platform will ever be perfect, but some might deserve a payment.
I think a shift towards paid subscriptions for social media would be good for society. If it progressed to a point where there was either no or incredibly limited free access then it would force people to think about how much time they spend on these apps and how much value they are getting from them. At a glance paying five or ten bucks a month for an app you spend over an hour a day on really isn’t that bad but if people are forced to think about what that hour gets them by considering whether or not to pay then they might realize that there are better things they could be doing with their time.
The best financial advice I was ever given was the old cliché my mom warn me about, “ Nothing is free”
well said, or as people in wall st. would say: " there's nothing called a free lunch"
Thank you!
When something is free, you are the product ... love that saying and I might be willing to pay if the platform ads value and fits my ways ... no platform will ever be perfect, but some might deserve a payment.
I agree with you Mav and thanks for sharing your opinion. This is a new era, no doubt.
I think a shift towards paid subscriptions for social media would be good for society. If it progressed to a point where there was either no or incredibly limited free access then it would force people to think about how much time they spend on these apps and how much value they are getting from them. At a glance paying five or ten bucks a month for an app you spend over an hour a day on really isn’t that bad but if people are forced to think about what that hour gets them by considering whether or not to pay then they might realize that there are better things they could be doing with their time.