"What if people were directly paid to view adverts?"
One of the "problems" with that it is that it would reveal just how little money these things make. A page full of busy ads that annoy the heck out of you may still make well under a penny, only breaking a penny if you actually click on something and possibly even then only if you buy something.
Facebook's approximate revenue in 2018 is about 34 billion, it seems [1]. Facebook's user count in 2018 [2], call it two billion for math convenience and a fudge factor for fake & dead accounts. Simple math shows that even if 100% of their revenues are from ads, they're making $17 dollars a year from their average user. Revenue, not profit. And they're one of the big money makers in the ad industry!
Converted to daily terms, that's about 4.7 cents per day. That's what they're trashing your feed for, rearranging it so you see more ads and less of your family, rearranging it to drive "engagement" by putting more rage- and stress-inducing controversial content into your feed, and carefully managing your experience for. 5 cents a day, average.
Advertisers aren't just crashing our society, driving our news industries into death spirals, invading our privacy at scales that would make the Stasi blush, and annoying the hell out of us on almost every web page we visit, they're doing it for almost no money. They can't afford to pay you to view advertising. Even someone making minimum wage would find the offer they could make laughable, because your offer would be coming out of their profits, not revenue, so if Facebook wanted to pay you to view ads they'd be slicing up something like a $1/year with you.
(This is why I've proposed as one solution something like a 1cent/impression advertising tax. It would annihilate everything but the absolutely most profitable portions of the industry. Even a 0.01cent/impression tax would probably kill 90% of it. And I think there's a perfectly justifiable case to be made that such a tax would simply be internalizing externalities and perfectly justified under both left and right wing theories of economics.)
One of the "problems" with that it is that it would reveal just how little money these things make. A page full of busy ads that annoy the heck out of you may still make well under a penny, only breaking a penny if you actually click on something and possibly even then only if you buy something.
Facebook's approximate revenue in 2018 is about 34 billion, it seems [1]. Facebook's user count in 2018 [2], call it two billion for math convenience and a fudge factor for fake & dead accounts. Simple math shows that even if 100% of their revenues are from ads, they're making $17 dollars a year from their average user. Revenue, not profit. And they're one of the big money makers in the ad industry!
Converted to daily terms, that's about 4.7 cents per day. That's what they're trashing your feed for, rearranging it so you see more ads and less of your family, rearranging it to drive "engagement" by putting more rage- and stress-inducing controversial content into your feed, and carefully managing your experience for. 5 cents a day, average.
Advertisers aren't just crashing our society, driving our news industries into death spirals, invading our privacy at scales that would make the Stasi blush, and annoying the hell out of us on almost every web page we visit, they're doing it for almost no money. They can't afford to pay you to view advertising. Even someone making minimum wage would find the offer they could make laughable, because your offer would be coming out of their profits, not revenue, so if Facebook wanted to pay you to view ads they'd be slicing up something like a $1/year with you.
(This is why I've proposed as one solution something like a 1cent/impression advertising tax. It would annihilate everything but the absolutely most profitable portions of the industry. Even a 0.01cent/impression tax would probably kill 90% of it. And I think there's a perfectly justifiable case to be made that such a tax would simply be internalizing externalities and perfectly justified under both left and right wing theories of economics.)
[1] https://www.statista.com/statistics/544001/facebooks-adverti...
[2] https://www.statista.com/statistics/264810/number-of-monthly...