Facebook, the US-based social networking giant, says it will not take a cut of revenue from creators who make money on its platforms until 2023.
Mark Zuckerberg, the company’s co-founder and CEO, broke the news in a Facebook post on Monday.
He said when Facebook begins collecting a cut of revenue from creators, it will be less than the 30 percent Apple and other company’s take, although he didn’t specify what the percentage would be.
“To help more creators make a living on our platforms, we’re going to keep paid online events, fan subscriptions, badges, and our upcoming independent news products free for creators until 2023,” Zuckerberg stated.
“And when we do introduce a revenue share, it will be less than the 30% that Apple and others take.
“We’re also launching a new payout interface so creators can see how different companies’ fees and taxes are impacting their earnings. More to come soon.”
The social media giant’s pledge to take no fees from creators until 2023 — and especially the Facebook CEO’s swipe at the 30 percent cut by Apple — comes amid the tussle between Facebook and Apple that escalated over the past months.
It also follows after the Nigerian government’s suspension of the activities of Twitter, another social media giant.
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