Steven thinks that Social Networks should pay us, and Mark agrees. Why should they pay us? For the time, attention, and effort that we put into a system that generates tremendous amount of money, millions in fact. This concept isn’t that much different than when I suggested that online data storage companies should pay users who upload data. The information gathered, organized, and re-used for marketing purposes will generate enough revenue where the users can get a cut.
How much money does a company like Facebook make from Sponsored groups? $300,000 per quarter, includes forms of advertising such as ads, flyers, and whatever else they decide to deploy. (details from Owen) How many sponsored groups are there? My count last week shows 187. There’s some predictions about revenue growth based off these rate cards, attaining a billion in revenue sometime next year.