Twitter co-founder says Facebook should offer paid ad-free version

Twitter co-founder Biz Stone suggests Facebook should offer a premium service where users pay to receive no ads

In a blog post on Medium, Biz Stone has offered an idea to Facebook to make money out of offering a premium service to the social networking site.

The idea is that users can pay $10 a month for which will get rid of adverts.

Stone admitted he had taken a break from Facebook after it "added thousands of settings, features, and choices."

Upon returning to the social networking site Stone suggests, "for $10 a month, people who really love Facebook (and can afford it), could see no ads. Maybe some special features too."

Reportedly this works out that if around 10% of Facebook users signed up for the premium service, revenue could total an astonishing $1bn a month.

Stone compared Facebook to Investor Relations company Pandora, who statistically boast a 114% growth rate year-over-year in subscription revenue from users paying to go ad-free.

Earlier this year, Facebook rolled out a charge for users to allow them to message celebrities or anyone ouside of their friend list.

The prices to contact people range depending on the number of followers they have.

Users could use their credit cards in order to pay for these messages but this option is limited to anyone over 18.

Source: Medium

Comments

Be the first to comment…

Back to top
Close
T3 Newsletter
Sign up to recieve the T3 newsletters by entering your details below

Your Details

As you're registering with us. we'd like to think that you'd enjoy receiving the following emails; if you'd rather not receive them, please untick the boxes:

I would like to receive other emails from T3, Future Publishing Limited and it's group companies containing news, special offers and product information
I agree to the terms of use and privacy policy and confirm that I am over 16 years of age *
Close
Log in or Join

By clicking below you agree to our terms and conditions and our privacy policy

Log in to T3.com with your preferred social network

Log in with your T3.com account

CloseJoinPlease complete these additional details

Join T3.com with your preferred social network

OR

Join T3.com

Please tick this box to confirm you are 16 years old or over

Just so we know you're human

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Close Edit your profile

Change your password

Newsletters

I would like to receive T3 email newsletters, packed full of the latest tech news, competitions and exclusive offers.

I would like to receive other emails from T3, Future Publishing Limited and its group companies containing news, special offers and product information.

I would like to receive offers from carefully selected third Parties. We will not share your data with the third party.

Social networks

You have authorised these social networks to interact with your T3.com account.

Please ensure you deactivate or revoke access to this website from within your social networks settings to ensure all permissions are removed.

Close Forgotten your password

Forgotten your password?

Please enter the email address that you used to sign up and we'll send you a new password

Close
Forgotten password
Don't have a T3 Account? Join now