5 ms·
> How much would you pay for Facebook? $20 a month? $30 a month? $100? Not even Facebook thinks Facebook is worth that much a month from all of its users. ~2 b
by awalton 9y ago
> How much would you pay for Facebook? $20 a month? $30 a month? $100?
Not even Facebook thinks Facebook is worth that much a month from all of its users. ~2 billion times $20/month times 12m/y = $480B/year? You really think that's fair?
The problem is most web content is worth about $0.0002 a page or so. You can't pay that amount of money to anyone - microtransactions simply don't work in our economic system. Because most web content is so exceptionally worthless, the next best thing to do is make it all free and charge ad companies instead, and that's how we are where we are. That's why newspapers and magazines have died - the content they sell is worth less than the paper (and especially the ink) they print on now, so they have to fill their pages with more and more ads, furthering the content death spiral.
The market has proven time and again people will pay for quality over quantity - that's why Netflix hasn't died. The web is currently approaching Peak Content Quantity, and the ad companies (re Google) have never been richer because of it. And now that the technology exists to resist those ads, they're becoming crankier as they've gotten used to the status quo.
Hopefully sooner before later someone figures out an online content model that's paid and works. And I hope it's sooner, because the ad companies are becoming malicious now that they're packing in cryptominers and other malware to handler "ad blockers"...