Im not sure if this news is legit.
Menlo Park, CA — At a press conference this morning, Facebook rolled out their new monthly service plan. Beginning November 1st of this year, the social media giant will start charging members $2.99/mo to use services that users currently enjoy for free.
“We thought long and hard about this decision, but at the end of the day, we had no choice but to add this monthly fee,” Facebook founder and CEO Mark Zuckerberg told reporters. “If we don’t do something about our rising costs now, Facebook could face an unrecoverable financial burden and become obsolete.”
“This is excellent news for Facebook stock holders,” says Wall Street analyst Dale Sackrider. “As of August this year, Facebook had a total of 1.317 billion users. If just 75% of those members pay the new monthly service fee of $3, that will mean an annual influx of cash totaling roughly $36 billion. That’s not just an increase in profits of a few dollars, that’s a game changer right there.”
In an interview with CNN, Facebook spokesman Paul Horner explained the reason for the new monthly fee.
“Economic times are tight, the ads on Facebook are not as profitable as we had planned. Our costs are going up as hundreds of thousands of individuals continue to join the site every day,” Horner said. “There’s so many pictures of cats, and all of those costs add up, we just can’t foot the bill any longer.”
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Facebook To Begin Charging Users $2.99/mo Starting November 1st - National Report | National Report