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Description: Hootsuite says it will eliminate the free tier of its social media management tool next month.The Vancouver-based technology company says the tool, which allows  users to browse, manage and schedule social media posts, will come with a fee beginning March 31.

Source: BNNBloomberg.com – video report

Date: Feb 23, 2023

Link: https://www.bnnbloomberg.ca/hootsuite-to-ditch-free-plan-begin-charging-users-for-social-media-tool-1.1887983

Questions for discussion:

  • Why would the firm be making this decision at this time, in your opinion?
  • Do you think it is a wise strategic move?
  • How do you think the decision will impact the client base, revenues and future operations?