Would You Pay for Social Networking Apps?
Just as social networking applications like Twitter, Facebook and LinkedIn are gaining traction and respectability within the legal community, there's a new question worth considering: Would you pay to use these applications? In this piece in Slate, "A Radical Business Plan for Facebook," Farhard Manjoo suggests that social networking companies like Facebook and Twitter begin charging for admission.
Manjoo opens his piece by describing the suffering in Silicon Valley -- the layoffs and cost-cutting measures and evaporation of free flowing venture capital. Though many more established companies are weathering the storms, start-ups, long reliant on a diet of venture funding or IPOs, are struggling most. Manjoo suggests that now is the time for these companies to cut the purse strings and come up with ways to fund themselves instead of relying on wealthy benefactors. The most obvious solution: Charge users.
So here's the question for you: Would you pay to use Twitter or to maintain a Facebook account? And if so, how much?
Posted by Carolyn Elefant on October 31, 2008 at 03:26 PM | Permalink
| Comments (2)