· FEATURED · TECHNOLOGY
Seriously, Shouldn't Facebook Be Paying Us?
In a meeting with financial analysts a few years back, then Google CEO Eric Schmidt was asked a very simple (given the audience) question: "Why should I see advertisements on Google" for which he responded with this: "See - all the services that you use for free - we need to pay for those servers and the people who maintain those - so we show you ads" - someone must have followed that up with a discussion on gross margins and cutting down ads in half to improve user experience but luckily for Eric, nobody went there.
Facebook is on a roll these days - just look at their numbers. But here is a simple question for Facebook: agreed, you give us all that wonderful, fast, efficient ways to connect and share, but given the fact that we are the product that you are selling - shouldn't you be paying us some share of all those millions? Think about it this way: Wikipedia doesn't make a killing using my content - although they could - I see them ask for Money once in a while - agreed, my content on Facebook is not useful to the world and hence it is not an apples to apples comparison, but what is being sold - what brings people to Facebook - is actually people's own content.
Google helps us search for needles in a haystack. We don't mind being the product. But there are a zillion ways for us to connect and share stuff - Shouldn't Facebook Be Paying Us for choosing their bar?