Facebook’s Chief executive officer (CEO), Mark Zuckerberg, on Monday announced that Facebook’s free services, including fan subscription, badges and online events will be monetized by 2023.
Zuckerberg said that the idea is to help content creators make a living on the platform and that the revenue share will favor content creators compared to what Apple and other social media companies offer.
He said, “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.”
However, the implication of the recent move is to increase its users and at the same time make more money from the app.