Facebook Wants People To Pay (Them) To Spam (You)
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-12-23 22:45
by Karl Denninger
in Company Specific
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Facebook Wants People To Pay (Them) To Spam (You)
 

I thought I had heard it all.

Nope.  Now Facebook wants to have people pay to spam you.  But you don't get the money -- they do.

Here’s how it will work: A limited number of U.S. Facebook users will now have the ability to pay Facebook a fee to send a message other U.S. Facebook users who they don’t know. Facebook isn’t spelling out the cost publicly, but people familiar with the company’s plans say it will start at a dollar a message, and will tinker with the fee over time. The option will only be available to individual users — not marketers and brands — and Facebook will only allow users to receive a single paid message per week. But users can’t opt not to receive paid messages.

That's spam.

And worse, it's spam that Facebook is going to profit from.

I'd let people spam me for a buck a message, if I got to keep the money.  In fact, considering that my spam filter catches something like 5,000 spam attempts a day in my email I'd make a hell of a living doing that!

But this little game of Farcebook's is all backwards. 

They keep the money, not you. 

You get the spam, not them.

If they have 50 users left once this goes into effect I'll be shocked.

Are you really iSheeple enough to keep using Facebook given their apparent intent to do this?

Note: This is probably legal under CAN-SPAM provided the messages are non-commercial in nature.  They may not be, however, especially if delivered to a mobile device, if the content is commercial -- irrespective of whether the sender is a "company" or a "person."  This is a new area and more than a bit gray, particularly since Facebook doesn't permit you to opt out of receiving them!

Discussion below (registration required to post)
 

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User Info Facebook Wants People To Pay (Them) To Spam (You) in forum [Market-Ticker]
Lemonaid
Posts: 9883
Incept: 2008-01-20
Green
Metro Detroit
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Mark it ZERO.

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"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
Mikpaq
Posts: 420
Incept: 2009-02-26
Green
Maine
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Seriously?

You think the throngs of people who use facebook care that they are spammed?

I don't, they will take it like everything else they take. This country is full of idiots and morons.

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Remember, pillage first, then burn.
Smacktle
Posts: 1362
Incept: 2009-01-20
Green
Texas
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I'm getting closer to leaving Facebook. Just too lazy to go through the steps to delete it yet.

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The faults of the burglar are the qualities of the financier.
- George Bernard Shaw
Phantomace
Posts: 6393
Incept: 2009-03-16
Green A True American Patriot!
Las Vegas, NV, and your screen
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What's a "Facebook"?
smiley

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"That was a little trick I call math. Oops, now I'm not emotionally invested..." - Dilbert
The only good thing I have to say about Barney Frank is at least he's not breeding...
Trades50
Posts: 4218
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Silver
Land of Tax and Spend
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Quote:
You think the throngs of people who use facebook care that they are spammed?


Probably not. As long as they don't have to pay they won't care.

Glad I never joined Facebook.


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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
Asimov
Posts: 104068
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Gold
East Tennessee Eastern Time
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Quote:
What's a "Facebook"?


What you get when you fall asleep reading a book on a desk.

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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
Ktrosper
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Silver
ft collins co
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Quote:
But users can’t opt not to receive paid messages.
I can think of one sure way to "opt" not to receive them :-)

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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
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Daniel
Posts: 40
Incept: 2010-05-06

Houston
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God I hate Facebook.

I did something really stupid awhile back and clicked like on a Mark Steyn editorial. My thinking was that pretty much no one but my conservative and libertarian friends would see it. A couple of days later my wife asks me if I've checked out my Facebook page. I told her of course not (since I rarely do) and she proceeds to tell me to check it out immediately. I logged in to find that all hell had broken lose. Apparently two very liberal acquantainces of mine took issue with the article and posted some politically charged replies. In response my handful of conservative and libertarian friends gave it right back to them with both barrels.

A political discussion became rife with personal attacks and all kinds of nastiness. I'm still trying to mend fences with some of those involved.

Needless to say, I've learned my lesson and will never post another thing there.

Chris92346
Posts: 1316
Incept: 2009-03-25


Banned
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My Mom just got on facebook recently.




Yea it is almost dead.
Mcmwest
Posts: 134
Incept: 2009-04-06

Western Kansas
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Spam? Isn't that what its called when people I barely know keep sending me requests for radishes, corn and pigs for a fantasy farm? If facebook really wants to make money they can charge to keep all the farmville, surveys, and what kind of ______ are you? bull**** off the site. That stuff is what makes faceplant useless to me.

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According to NBER the recession ended in June 2009 so if you're broke and out of a job its all in your head.- Jay Leno
Unknownsailor
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Incept: 2009-04-06

Haze Grey and Underway Via Bremerton, WA
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Large swaths of my ship use Facebook to communicate with their families back home. It works well for that. Bandwidth is an issue, though. We are forced to use the mobile version, the full one takes up far too much of our limited bandwidth.
Facebook is 80% or more of our internet traffic.
Ampsucker
Posts: 1493
Incept: 2009-08-05

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i block the ****ers on every modem/router for which i have administrative access.

give 'em the old faceboot... hahahahahahha.
Flaps10
Posts: 5177
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Silver
seattle
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I had an email the other day stating that I had two friend requests, five messages, etc. I hardly ever log on. There were no requests or messages. Are they that desperate?

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"Better to die on your feet than live on your knees"

Jata1
Posts: 5072
Incept: 2009-03-08
Green
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I have heard of this facebook. Never clicked on it though. Had some emails with facebook in subject line. Direct to trash bin
Mortgageguymn
Posts: 1566
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Green
North Coast
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Judging by twitter, some people must like getting spammed. It's part of their Internet/ social networking addiction. Anyone who "follows" 500 or more people is essentially spammed all day every day. With rare exceptions, such people would probably be worthless to most advertisers because they have no income and no money.
Salt
Posts: 192
Incept: 2010-05-28

NC
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Facebook. Who,d have thought the zombie apocalypse began with that.
Mj71
Posts: 118
Incept: 2009-03-14
Silver
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Quote:
The option will only be available to individual users — not marketers and brands

This makes no sense to me. Why would a non-commercial entity pay to message random people?
Genesis
Posts: 130807
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Admin A True American Patriot!
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They won't. But commercial entities will sign up as "individuals."

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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
Kamath
Posts: 1539
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Sweden
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It is a good tool for publishing propaganda against socialists and such. I do so all the time. Most belligerently too. No quarter given, no prisoners taken.

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"Yep - and that ****er didn't want to light either. I had to soak it in gasoline for a full day before that rat bastard thing would combust." - Karl Denninger
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Bagbalm
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I post notice when I have a free book day. I consider that a commercial post since it is a form of advertising. But I have never had anyone object to me using it that way.
Mannfm11
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DFW, Tx
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Who is stupid enough to like a product on Facebook? My likes have been limited to forums like this one, not because I like the forum, but like the truth. The last thing I need is more ad spam. FB isn't a good venue to get in touch with me, though I do go there from time to time to confirm friend requests and post political and economic messages not available in the mainstream. More friends, the more people might get to hear the truth. For what its worth (Closer to a few billion than the current market cap), some idiots live on it and spread the word.

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Wis/min
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Daniel said:
Quote:
Needless to say, I've learned my lesson and will never post another thing there.


I recently "liked" Karl's ticker on Obama's hypocrisy on gun control.

I got a comment from one of my relies that wildly disagreed with it's content.

When I pointed out that it was a factual presentation and that Obama was bad for this country there was no response.

It's always good to know who gets it and is clueless and unteachable.
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