There should be a social media website and app that share revenue with content contributors. Social media sites should share revenue with users.
Medium, Facebook, and Reddit all overlap. Twitter, Facebook, Quora, Instagram, YouTube, and Reddit all have ads.
YouTube already has a program in place to share revenue with content creators/contributors.
On a new social media website/app, all ads displayed could start by advertising either advertising space on the site/app, or ads to sign up people for the service. Alternatively, users should be able to pay a small fee, and then not see ads. Eventually, there would be self service advertising on the site/app. An app like this should be able to function as replacements for Twitter, Facebook, LinkedIn, Instagram, Snapchat, Reddit, and Quora.
A social media company like this should be setup as a benefit corporation. A benefit corporate structure is a blend of for profit and not for profit business models. Perhaps, eighty or ninety percent of net profits could be paid out as a dividend to content contributors.
All profitable social media sites should share revenue with content contributors/creators.
