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Pheed offers the option to broadcast an event live like a “pay-per-view” program, complete with a charge. You can stream something live for between $1.99 to $34.99 to followers, a charge they each pay, and Pheed makes its money by taking 50 percent of the proceeds, sticking the rest in your account.

You should subscribe to channels, and some of them might even offer live streams for you to watch.

We’re not sure how many of Pheed’s users will be taking advantage of the broadcasting option, but we can imagine celebrities will be showing parties and special gigs, making some extra money from the streamed events.

And for some lucky not-so-celebrity-status people that have garnered enough followers, there will probably be ways to make a little money, too.

For parents, Pheed looks like it caters to the tweens and teens more than it does the little ones in your life, so if you have a social networking policy in your home, it might be worth talking to your kids about this and seeing if they use this service too.

As of the time of publishing, Pheed could only be accessed from online at its website and with an iOS app, though an Android app is in development.

Subscribe to followers and you'll see a feed like you do on other networks, as well as a conversation about those topics. It's like Facebook, only different.