Meta will not take commission from creators until 2024


San Francisco, Jun 22 (IANS): Meta CEO Mark Zuckerberg has said that the company will "hold off on any revenue sharing" until 2024, a one-year extension of his prior pledge to not charge a commission until 2023.

According to Engadget, creators on Instagram and Facebook will have another year to make money from the apps without Meta taking a cut from their earnings.

The move will cover monetisation features where creators directly charge their fans -- paid online events, subscriptions, newsletters and badges sold during livestreams, reports Engadget.

It does not apply to Meta's advertising-related revenue sharing features for Reels or other video products, the report said.

The CEO also announced several other monetisation updates for creators on the platform.

The company is expanding Stars, the company's in-app tipping feature, to more creators, and will open up its bonus programme for Reels to more users as well.

Meta is also expanding its support for NFTs on Instagram, which it began testing on Instagram profiles last month. Now, the feature will be available to more people, though Meta declined to specify exactly how many will now have access.

The company also plans to integrate NFTs into Facebook and Instagram Stories "soon," the report said.

 

  

Top Stories


Leave a Comment

Title: Meta will not take commission from creators until 2024



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.