At a press conference this morning, Facebook rolled out their new monthly service plan. Beginning November 1st of this year, the social media giant will start charging members $2.99/mo to use services which users currently enjoy for free.
“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 face an unrecoverable financial burden and become obsolete.”
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