Categories: Latest News

Free services to stop on Facebook by 2023 – Mark Zuckerberg

Facebook, says that some of its free services, including fan subscription, badges and online events, will be monitised by 2023.

Mark Zuckerberg the Facebook’s Chief executive officer, made the announcement on Monday, stating that the idea is to help content creators eke a living on the platform.

He also assured that the revenue share will favour content creators compared to what Apple and other social media companies offer.

“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.

“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.”

‘More money’
The implication of the recent move is to increase its users and at the same time make more money from the app.

The company, which owns other popular social media platforms, WhatsApp and Instagram, has been mulling revenue generation beyond advertising, which accounts for over 90 per cent of its revenue.

While hoping that the new strategy works for Facebook, experts are worried about the effects of Apple’s privacy policies.

Apple, manufacturers of iPhone and Macbook, recently introduced changes to its operating system that will make it harder for Facebook to earn money off ads.

However, if successful, Facebook model may be useful for charting a better revenue models for other social media sites like Tiktok and Snapchat.

Attah Aaron

Attah Aaron has spent over six years with Idoma Voice. He writes on religion and health.

Recent Posts

Newly promoted NSCDC officer collapses, dies in restroom after salary alert

A newly promoted officer of the Nigeria Security and Civil Defence Corps (NSCDC), identified only…

4 hours ago

Why Tinubu promoted Acting COAS Oluyede to Lieutenant General – Presidency reveals

President Bola Tinubu promoted Acting Chief of Army Staff Olufemi Olatubosun Oluyede to the rank…

4 hours ago

Nigerian govt Scraps 18-year admission requirement for tertiary institutions

The Federal Government has officially scrapped the contentious 18-year age requirement for admission into tertiary…

4 hours ago

Baltasar Engonga: Equatorial Guinea govt takes action as more videos leaks onlines

The Government of Equatorial Guinea has restricted citizens from using mobile data to download and…

5 hours ago

BREAKING: Tinubu promotes Acting COAS Olufemi Oluyede to Lieutenant General rank

President Bola Tinubu has promoted Acting Chief of Army Staff (COAS) Olufemi Oluyede to the…

5 hours ago

BREAKING: Baltasar Engonga: Equatorial Guinea restricts WhatsApp amid leaked videos

The Government of Equatorial Guinea has restricted citizens from using mobile data to download and…

8 hours ago