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Facebook Won't Take a Cut From Creators Until 2023, Zuckerberg Says in Shot at Apple
Tuesday June 8, 2021. 12:45 AM , from Slashdot/Apple
Facebook CEO Mark Zuckerberg on Monday announced that the social media company 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. From a report: Specifically, the 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 said in a post on Facebook. Zuckerberg also used his post to jab at Apple, which kicks off its WWDC annual developers conference Monday. 'When we do introduce a revenue share, it will be less than the 30% that Apple and others take,' Zuckerberg wrote, referring to the cut Apple takes on all products sold through apps that users have downloaded through its App Store. 'We're also launching a new payout interface so creators can see how different companies' fees and taxes are impacting their earnings.'
Read more of this story at Slashdot.
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