Menlo Park, CA — At a press conference this morning, Facebook rolled out their new monthly service plan which begins November 1st of this year. The social media giant says they will start charging members $2.99/mo to use the services that the site has to offer.
“After thinking long and hard about this decision, at the end of the day, we were forced 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 cease to exist in the near future.”
“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 $3 billion. That’s not just an increase in profits of a few dollars, that’s a game changer right there.”
