Facebook Inc (NASDAQ:FB) is inching closer to monetizing your posts. One of its latest ideas is to adopt tip jars to allow users to tip others for their funny, insightful or informative posts. Will you award a tip for your friend’s latest post about his leftover pizza?
Facebook Inc Wants to Monetize Your Posts
Are you considering a career of just writing content on your Facebook page? If this was your dream a year ago then you were out of luck because you couldn’t earn a dime. Today, however, that could change as the social network is mulling over potential monetization.
The Verge has learned that Facebook is surveying users to determine if they’d like to earn money on the website. According to one snippet, Facebook has an idea to enable users to pay other people for specific posts. This has also been described as a “place where fans can tip you money.”
It suggests that Facebook is moving closer to monetization of content creation. The Facebook survey also consists of branded where users could partner with sponsors. Revenue sharing is another idea, while a donate button is ostensibly being discussed.
You could either earn a supplementary income or donate the money to charity.
Despite the widespread reports, Facebook has yet to comment about the story.
Does Facebook have a shot at being successful in this field? Over the years, people and websites have tried at various times in various other ways to incorporate a tip jar into some sort of business model. The results have been a mixed bag, with some good and some bad.
In 2012, Vimeo added a tip jar, but then threw the feature into the trash bin last year. Start-up Flattr is a microdonation provider, but hasn’t been able to gain any momentum. Twitch has seen mild success in this realm. Other independent websites use bitcoin or PayPal, but it seems authors and webmasters prefer ad revenues because it’s easier to collect dough.
Since the Facebook landscape is immense, the website could make online tipping work. If it somehow does succeed in instituting online tipping then it could get a greater number of individuals and publishers to post directly to the Facebook ecosystem. It incentivizes signing up for Facebook and regularly using the social media service.
Will Facebook Inc Kill Google News With Update?
The social network with a billion users is tinkering with an update to its news feed. And it could be a big deal. Why? Because it could drastically transform how users interact with the website.
Reportedly, the revised news feed is sliced into several sections, like News Feed, Sports and Food. This means Facebook’s primary app can turn into a news reader by adding sections. That’s important because then it could take on Twitter Inc (NYSE:TWTR) and Alphabet Inc (NASDAQ:GOOGL)’s Google News.
First noticed and shared by a Twitter user, the beta Android app maintains section dividers at the bottom that enables users to go back and forth between sections. All you have to do is click on a section and swipe to the left and the feed becomes a list of relevant news stories.
Whoah. Massive change to the Facebook news feed. Anyone else seeing this? pic.twitter.com/EA3dFQRS6y
— Tom Critchlow (@tomcritchlow) April 15, 2016
In this case, Facebook did comment on the reports and confirmed that it’s updating the app.
“People told us they’d like options to see more stories on Facebook around specific topics they’re interested in,” a Facebook spokesman told Mashable. “So we have been testing a few feeds for people to view more and different stories from people and Pages based on different topic areas.”
Does this spell the end of Google News? Does this mean websites will cater to a Facebook news app? No and yes. Google News will always serve an important market. But writers may now have to tailor their content to the requirements of the social media juggernaut. Facebook just continues to grow.