Social networks are a dime a dozen and a new network by the name of Pheed looks to try and shake things up. The site is a mix between Facebook, Twitter, Instagram, YouTube, Soundcloud, and Tumblr, and allows users to charge a fee for “exclusive content”.
It’s a clever play on the word “feed” and has quite a bit of competition to stand up against. Instead of a Facebook profile where you can add friends and subscribe to others, Pheed is rather a bit more like Twitter.
When it comes to the combination of social networks, you can share a wide range of new content from text, photos, videos and even audio. Interacting on posts, you can like, dislike, bookmark, as well as comment.
Similar to Twitter, hashtags also work on Pheed. To make money, you can create a subscription that hides your content behind a paywall, or have a pay-per-view model. With the pay-per-view model, you charge a flat fee for users to watch your live broadcast.
Pheed ends up taking 50 percent of the revenue while you get the other 50 percent. Whether the social network will take off is another story, but considering that Kobo, the company behind it, has invested $2.5 million, there is much at stake.