887
Meta wants to charge EU users $14 a month if they don't agree to personalized ads on Facebook and Instagram
(www.businessinsider.com)
this post was submitted on 03 Oct 2023
887 points (97.9% liked)
Technology
60052 readers
2966 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I guess this is a fair indication then of how much Meta receives per person from advertisers...
There is always a grift, I'd expect the charge to users to be probably 20-50% higher than the revenue from normal users.
OK, but do I get a blue tick?
You can wear a dunce cap for free.
I'm thinking $4.99 for the DunceCap* premium filter
one-time use only, usage of filter gives consent in perpetuity, with no restrictions, for Meta to scan your entire disgusting naked body for usage in Meta's upcoming "MoleCheck" biometric security login feature*
**Usage of MoleCheck grants Meta perpetual license with no restrictions to train its "Dr. ZuckCancer" AI (not a real doctor) on your disgusting naked body and to withhold any cancer diagnosis Dr. ZuckCancer (not a real doctor) might find if you have not paid your monthly subscription to "MetaMedical", a real bargain at only $350/week! Remember, choose MetaMedical, because "You Might as Well, We Already Have Your Medical Records Anyway!"
Why would paid users need to compensate for free users? This is a per user choice between ad personalization or a monthly fee. The “free” users will still be generating revenue the existing way.
The paid version is ad-free.
The free version still has all the ads.
Both will generate revenue.
Except they are not forcing you to pay. You can still use it as it is right now.
Add an extra 0 if reddit API stuff was any indication
Yes. I think they are padding this to make it feel more punitive. This flips the bird to the regulatory body, and discourages people from switching. Frankly I’m surprised they didn’t make it higher.
Your money will always be less valuable than your data.
The amount is based on the threshold at which they believe most people will just accept the ad terms rather than pay. Thus it is slightly more than pretty much any other mainstream streaming or subscription service.
Perversely; I'm always less inclined to buy a product that I've seen advertised... "Why do they need to advertise it? It can't be up to much." And "Part of the ticket price has gone into advertising, so it's not so valuable a thing.", usually being my first thoughts.
While that's totally fair, I'd argue that new businesses have to reach customers somehow, and social media is a cheap and effective advertising tool.
Meta received about 4-5$ per user per month, so the Zuck is pulling everyone’s legs here.
Edit: 3-4$.
The users willing to pay are the most valuable users on the platform for advertisers because they are, let me consult my notes… willing to pay for things.
The logical conclusion is you must charge more for users to not get ads than your average revenue per user from ads or you end up losing money because the quality of your non paying users has taken a nose dive.
This guy businesses
And then you lose the entire community, because of the sheer drop of the population. You can't run a social media platform with just "whales".