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> I would easily fork out as much as I fork out for Netflix

You don't understand how Facebook makes money.

They sell advertising to companies who are willing to pay because you came and spend money on their site / purchased their product.

It is NOT true that everyone clicked ad and ended up buying a product. Only minority did. Hence, if you can afford to fork out serious cash like Netflix fee, you are statistically much more worth to advertisers than someone who would only pay $1, or as majority - would click ad and left with abandoned/empty basket.

You will never see paid version of Facebook.



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