Facebook Won’t Take Share of New Revenue for Creators Until 2023
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Facebook Inc. said its social media platforms, including Instagram, won’t take a share of the revenue made through new tools for content creators for two years, a move that could lure talent and boost adoption of the services.
“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,” Chief Executive Officer Mark Zuckerberg said Monday in a post on Facebook, extending a prior promise not to take a cut until later this year.