Nobody expected such a news story this week,
but it seems that Facebook will no longer be a
free service. Facebook CEO Mark Zuckerberg has
announced at a press conference in Menlo Park,
California that the company is unable to keep up
with the costs of Facebook and a monthly fee for
users is inevitable.
Zuckerberg has explained that Facebook is
growing with hundreds and thousands of
members signing up each day and the
advertisement system Facebook currently uses is
not enough to cover all the costs the social
media giant needs to keep the site running. He
also said that if Facebook continues to remain a
free service, there is the possibility of it having to
shut down because of the lack of funding.
“After thinking long and hard about this decision,
at the end of the day, we were forced to add this
monthly fee. If we don’t do something about our
rising costs now, Facebook could cease to exist
in the near future.” – said Mark Zuckerberg.
Facebook currently has about 1.317 billion users
and if just %75 of those users start paying the
$2.99 monthly fee, the yearly profit would be
about $3 billion. Astounding.
Reportedly, Paul Horner, Facebook spokesperson,
said that there could be a way to waive the
monthly fee for users who don’t have the money
to pay. He said that even though Facebook would
begin implementing the new user fee starting
November 1st, they don’t want to lose their
members just because they can’t afford to pay
the monthly subscription fee. He said that users
should update their status with the following
statement: I AM POOR FACEBOOK PLEASE
WAIVE MY MONTHLY FEE with the
#FacebookMonthlyFee hashtag included.
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