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Facebook can't make money off that or make people feel like it's necessary to their lives. Similarly, Facebook couldn't take a cut out of people recovering from
by aaron-lebo 9y ago
Facebook can't make money off that or make people feel like it's necessary to their lives. Similarly, Facebook couldn't take a cut out of people recovering from these events unless they integrated it into their platform.
This is especially problematic when you consider Facebook’s business model benefits from increased engagement with its platform. Add to that, it also recently stepped into the personal fundraising space. And today, as chance would have it, Facebook announced that Safety Check will be integrating these personal fundraisers (starting in the US).
An FAQ for Facebook’s Fundraisers notes that the company levies a fee for personal donations of 6.9% + $.30, while fees for nonprofit donations range from 5% to 5.75%.