Companies that Provide Social Media Services | 🔥 Social Media Lit

in dlike •  6 years ago 

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A cool article about how the social media space is evolving, with many companies buying out others.

 

These companies usually provide their service for free. But wait, how can they do it for FREE? There is no such thing as a free lunch. They usually use advertising to pay for your use of the service, allowing advertisers to track you and market to you, in return for a fee. This is how they make their money. Now, usually a profile is worth about $5/month, so to pay for their site, they need to make sure they have a good user base. The more users they can get, the more money they can make.


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I have understood this concept long before. But my issue is how the payment for a user profile varies...  Some users profile might not worth up to 50cents expecially an African. 

Yeah, it is a funny world we live in. Oh that person's data, we'll give you $20, oh, but them, only $0.50.

Thanks,
@cadawg