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Mark Zuckerberg Announces Facebook Creator Tools Will Remain Free Until 2023

 

Facebook CEO, Mark Zuckerberg on Monday, June 7, announced that Facebook will wait until at least 2023 before taking a cut of revenue from creators who use the site to distribute their work or promote events.

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He explained via his Facebook account that the social media company will not take a cut of any revenue generated by paid online events, fan subscriptions, badges and Facebook’s upcoming independent news product.

 

Zuckerberg also used his post to criticize Apple.

 

He wrote: “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. And when we do introduce a revenue share, it will be less than the 30% that Apple and others take.”

 

 

The Facebook CEO’s post is the latest incident in a long-running feud between Facebook and Apple. The feud reached a peak weeks ago when Apple introduced a privacy update that could hurt Facebook’s advertising business by making it harder to tailor personalized ads and track their performance.

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Written by PH

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