Facebook delays withdrawing earnings from creators
Facebook delays withdrawing earnings from creators

Facebook CEO and co-founder Mark Zuckerberg announced that the company will not receive any commission on revenue from creators who earn money on its platform until 2023.

The social media giant plans to compete with Substack, Patreon and other content creation platforms, and announces that its independent news product will be free for anyone who uses it to post.

Facebook previously offered paid online events for free, fan subscriptions, and badges for creators during the coronavirus pandemic.

Zuckerberg promised that if Facebook started making profits from content creators, it would be less than 30% from Apple and other companies. Although in fact he did not say a percentage.

To help more creators make a living on our platform, we will continue to provide creators with free paid online activities, fan subscriptions, badges, and our upcoming independent news products through 2023.”

"If we make a profit, it will be less than 30% of companies like Apple," he added.

Facebook attacks Apple

The social giant's promise to not deduct any fees from creators on Facebook and Instagram for the next year and a half - specifically Zuckerberg's criticism of Apple commissions - is the difference between Facebook and Apple in the past. that intensified throughout the year.

Facebook has complained that the Apple App Store charges a 30% commission on in-app purchases.

Epic Games, the maker of the game Fortnite, has filed a lawsuit against Apple, saying that it imposes a monopoly on the App Store.

The social media giant had already sided with other developers to protest Apple's commissions via the App Store.

In addition, the company also launched a payments interface on Monday to help content producers better understand payments.

In paid online events, YouTube users can view tax returns, refunds, and in-app purchase fees for purchases on iOS and Android devices.

The interface was initially offered only for paid online activities on the web.

Previous Post Next Post