Early investor suggests charging a fee for #Facebook-to reduce fake news, discourage privacy violations #DeleteFacebook

Early investor suggests charging a fee for #Facebook-to reduce fake news, discourage privacy violations #DeleteFacebook

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I am so old, I remember when I suggested this six weeks ago!

It leaves the company with just one choice, already promoted by some of its early investors such as Roger McNamee: ditch advertising altogether and introduce monthly charges – in essence, subscription fees – for its services. The idea here is that Facebook can kill two birds with one stone: make it a less rewarding place for spreading fake news, while also relieving itself of the urge to collect and store so much user data. The optics of such a move are currently not very favourable – who wants to pay for Facebook after all it’s done?

Source: After the Facebook scandal it’s time to base the digital economy on public v private ownership of data | Technology | The Guardian

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