Fanbase CEO on Ushering In a New Era of Social Media

The video discusses the limitations of ad-based business models in social media, highlighting how platforms like Instagram and Facebook restrict user reach to maintain ad revenue. Fanbase offers a different approach by allowing users to monetize content through subscriptions and virtual currency, without ads. The platform also provides investment opportunities for users. It addresses racial biases in social media algorithms, particularly on TikTok, and emphasizes the importance of equitable monetization for all creators. The video concludes by discussing the growing trend of subscription-based media consumption.

How does Fanbase's business model differ from traditional social media platforms?

• Fanbase limits user visibility to increase ad revenue.

• Fanbase charges users to access their followers.

• Fanbase allows users to reach their entire following without ads.

• Fanbase runs more ads than other platforms.

What is the virtual currency used on Fanbase called?

• Love

• Likes

• Coins

• Stars

What is the minimum investment required to invest in Fanbase through Start Engine?

• $500

• $100

• $250

• $1000

What issue does Fanbase aim to address with its platform regarding social media algorithms?

• Suppressing content from non-paying users

• Promoting only famous creators

• Highlighting popular creators regardless of race

• Increasing ad revenue for creators

What trend in media consumption does Fanbase align with?

• Free access models

• Subscription-based models

• One-time purchase models

• Ad-based revenue models