“Only members of Rich Kids can share photos. To become a member, users have to subscribe to Rich Kids Membership. To ensure the quality and exclusivity of our members the membership is set to be $1,000 per month.”<p>This is pure genius if you ask me. Hits them right in the Ego. It's going to be a huge success.
I hope it succeeds and then charges downmarket to invade the middlebrow space where the big profits are (and which Facebook originally catered to with its own kind of snobbishness.)<p>I want to see more of the web paid for directly, rather than funded through snooping. If some platform becomes hip because it is paid for, then it will give people food for thought.<p>A $50/month "social network", including whatever addons have been added to the platform by then would be a way in which the 21st century re-evovles the service which ISPs were providing back in the good ole' 1990s.
It's hard to imagine this as anything other than a quick cash-grab, especially with all of the bad copywriting on the site:<p>"One-third of your membership is donated to charities helping kids living in poverty to study."<p>"Everyone can have an account on Instagram, but only really rich can afford their profile here..."<p>This is especially notable given that there are only about 100 words of content.<p>And who actually believes that they are going to give 1/3 of their profits with so little transparency about where it is going? It just reads as a cynical and dishonest hedge against all of the criticism that they will inevitably get.
They should have it so that people can outbid each other - The more they pay, the more features/exposure they get. I bet that there are some egomaniacs out there who would pay 30K per month each.
If the profits were genuinely used for charitable purposes, then I suppose this is one way to implement wealth redistribution, perhaps more explicitly than government taxation and policies, but potentially more efficiently.<p>That said, such explicit divides in a society are rarely a source of good for the world.
fail. I don't think rich kids want to be known as rich kids. Even to other rich kids! There are a few that might, but those are the current stars of Snapchat & are probably already under contract.
hope they're smart enough to get that transaction out of apples ecosystem and onto a browser. forking over $300 off the top to apple would be brutal
Previously they sold a pixel for dollar (1000$ = 1000 pixels) and now they sale one account for one thousand (1000$ = ˜1000 pixels). Nothing changes under this moon.