EU data regulator bans personalised advertising on Facebook and Instagram

Re:EU data regulator bans personalised advertising on Facebo... by abdullahkhalids on Thursday November 02, 2023 @01:47PM (#38117385)

Mastodon.social had revenue (donations) of 326K EUR and operating expenses of 127K EUR in 2022 against roughly 191K users [1]. They have paid moderators to manage the server, and by most measures it's a healthy place. This suggests that the free market cost of social media is 0.6 EUR/year. The price charged to consumers shouldn't be much higher than this.

WhatsApp before it was acquired also demanded an optional donation of 1 USD/year from each person.

That is what people will be willing to pay, and what social media should subsist on.

[1] Annual Report 2022 https://www.patreon.com/file?h=90246790&i=16020862

[ Parent | on HN ]

Re:EU data regulator bans personalised advertising on Facebo... by ToucanLoucan on Thursday November 02, 2023 @05:09PM (#38120184)

Mastodon isn't a real social network though because they don't have seventeen layers of middle management and a C-suite raking in billions of dollars, so obviously this is a non-starter solution.

/s if not clear.

[ Parent | on HN ]