Promoted Posts has already been rolled out to 20 other countries and is available to people with fewer than 5,000 total friends and subscribers. Promoted Posts could help surface important announcements and earn Facebook money. However, I worry that Promoted Posts could change the atmosphere of Facebookfrom one where the most beloved content gets seen most to one where the rich can dominate the news feed.
Facebook first began testing the product, then called Highlight, in May in New Zealand. It’s still testing price points for the U.S. so it could go up or down from $7, and cost varies across international markets to sync with what’s appropriate for local economies.
HOW PROMOTED POSTS GET THE WORD OUT
After you publish a post, a Promote button will let you pay to bump up its rank in the news feed — making it appear both higher in the feed, and to a larger portion of your friends. Unpromoted posts are typically only seen by 12-16 percent of your friends.
After you Promote a post, it will be marked “Sponsored,” and you can check to see how many more people saw it because you paid. For example, you’d see “So far your post has had 3.8x as many views because you promoted it.”
IS PAY-TO-PLAY OKAY?
Facebook is becoming a critical one-to-many communication medium for people. Often we’re just sharing fun things that we don’t desperately need eyeballs on, but other times a better news feed position could really help. If I’m trying to sell all my possessions before moving to Thailand, Promoted Posts could be a cost-effective way of making sure more friends know about my garage sale. Raising money for charity or looking for bone marrow donors are some other clearly positive applications.
But as with anything on a sandbox service like Facebook, the success and impact of Promoted Posts will depend on how people use it. A friend with a trust fund could promote every post he publishes just because he has the money. In that way, the feature could distort the news feed’s meritocracy, where posts that get lots of likes and comments are shown to more people.
It could turn into a big money maker, though. Since the $7 is essentially all profit, Facebook could nearly double its revenue per user if it could get each US user to promote just one post a year.
If Facebook isn’t careful, Promoted Posts could offend and marginalize financially-strapped users. If it makes sure to minimize overuse, though, it could give people a powerful way to identify what their most important content is: putting their money where their mouth is.