Something for nothing?

A micro.blog subscription is $60/year. For A fee, could Facebook or Twitter build a viable business around their current service if they removed all reliance on data mining and advertising? In other-words, if these companies addressed all the privacy issues that most people complain about, if they moderated (a.k.a. censored) all the content, if they removed the manipulative algorithms, would the general public be willing to pay for the service? Or does the general public want something for nothing?