On Social Media Companies Charging for Basic Services

Geoffrey A. Fowler writes for The Washington Post: “Social media used to be free. That’s starting to change, in part, because the profits are no longer piling up quite as high in Silicon Valley for companies that built businesses on targeting us with ads. So they’re looking for new sources of growth that are actually worth paying for.”

Comparing these subscription plans to mobsters asking for protection money, Fowler writes: “Facebook’s current support limitations are costing people time, money and relationships. It’s true that, unlike Twitter, Facebook is not removing any existing security features from everyone else to begin charging for them. But don’t even think about offering premium customer service until you’re able to keep a product or service functional at a basic level for everyone.”

Meta’s Zuckerberg has responded to such concerns with: “Verifying government IDs and providing direct access to customer support for millions or billions of people costs a significant amount of money. Subscription fees will cover this and will also pace how many people sign up so we’ll be able to ensure quality as we scale,” he wrote.

But users and commentators are far from convinced by this explanation.

As Fowler concludes: “These are Zuckerberg’s and Musk’s problems to solve, not ours. Meta’s net income last year was $23 billion, mostly made off our personal data. Protecting us is a cost of doing business.”

Read the full article here.