Will Facebook start charging brands to promote themselves?

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Source: Facebook

Want to reach people on Facebook with your business? You may soon have to pay up.

A source described as being "professionally familiar with Facebook's marketing strategy" told Valleywag that the social media giant is in the process of "slashing 'organic page reach' down to 1 or 2 percent."

In other words, a company that has amassed, say, 1 million "likes" would now only be able to reach somewhere between 10,000 to 20,000 followers with any given post or update. The expectation is that Facebook will start demanding money in order to increase that reach, a strategy which has already been revealed to certain advertising executives.

Valleywag has the rest of the story.