|It's not every day that the founder of one company decides to tell a competitor how to run its business, but Biz Stone did just that last week.
Stone, one of Twitter's three co-founders, revealed in a post on Medium that he recently started using Facebook again after taking a long hiatus from the social network because he became "overwhelmed" by the "thousands of settings, features and choices" added since it launched.
Now that he's back on Facebook, Stone says he's come to recognize its ads are not "particularly useful or engaging," and he believes the social network should offer a premium option that would let users pay $10 a month to get rid of the ads - similar to the way music-streaming services such as Pandora and Spotify operate.
"In general, the ads on Facebook don't seem particularly useful or engaging. However, ads on the service are universally tolerated because that's what makes Facebook free and free is nice."
"Anywhoo, now that I'm using it and thinking about it, I've got an idea for Facebook. They could offer Facebook Premium. For $10 a month, people who really love Facebook (and can afford it), could see no ads. Maybe some special features too. If 10 per cent of Facebook signed up, that's $1B a month in revenue. Not too shabby."
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