If a friend of yours is running in a marathon for charity and is trying to raise money, you might want to pay $7 to promote her status updates so almost of your friends are guaranteed to see the post in your News Feed, Facebook believes.
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WeChat, a Chinese app, is taking over the country. Earlier this year, Tencent, the company that owns WeChat, reported that four-year-old WeChat now has 549 million monthly active users (MAUs). At the end of last year, the company had 500 million, meaning its user base had jumped up 9.8 percent in a matter of months.
Jason Fyk, founder of WTF Magazine and FunnierPics.net, owns a business that generates about $275,000 per month. Three years ago, Fyk was bankrupt, in jail, and borderline suicidal. He used Facebook to turn his life around.