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Are free web hosting services really free?

Those who are in search out for a  web hosting provider for their website may be excited about free web hosting. Looking at it from the surface, free web hosting helps you in saving on the cost of setting up a website. A decent paid web hosting service should cost around $20 a month. That makes around $240 a year. Free web hosting might save you that money, but there is the other side to the question. There is he saying that “there is no free lunch”. So is it possible to have free web hosting that is really “free?”