Facebook won't take revenue cut from creators until 2023, in jab at Apple

Photo by Chip Somodevilla/Getty Images News via Getty Images

• Facebook (FB +1.7%) has taken a swing at Apple (AAPL -0.6%) during the latter's Worldwide Developer Conference, saying that the company won't take revenue share from creators on its platform until 2023.
• "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," CEO Mark Zuckerberg says in a post on his platform.
• "When we do introduce a rev share, it will be less than the 30% that Apple & others take," he says.
• The company will start a payout interface made to show creators how different companies' fees and taxes affect earnings, he goes on to say.

Comments

[MaxPower912]

in other words, FB is announcing a huge, unprecedented increase in fees to take effect in 18 months

[treespace]

It's going to take more than "jabs" to stop Apple from rendering FaceBook irrelevant, but I understand the panger (panic and anger) from the thieving jack-wagon and hair-club candidate man-child Mark Suckerburg. Musk hit the nail on the head years ago: FaceBook is lame.

[Tarheeboy9712]

Facebook is a joke.

[craftbrewinfo]

@Tarheeboy9712 Zuckerberg would be the kid you beat up in your youth and he gets the last laugh because he’s a gazillionaire which makes you want to beat him up even more ( probably some algorhythm at work nakkkg sure that comment is censored

[V_uniqueacc]

@craftbrewinfo 30% of those punches go out to creators

[Who Dat?]

Apple will succumb when FB, MSFT, Google, and AMZN take a piece of that humble apple pie called ecosystem.

[V_uniqueacc]

@Who Dat? AAPL is getting strong in hardware again on the back of their M1, I’m not worried at all. Their fans stay loyal

[Sergi Medina]

Take that one, Apple, you traitor!
Long AAPL and FB.

[youngdividend]

Zuckerberg is on a mission ppl. He will not lose, plain and simple .

[Investing For The Future]

So they will go out of business that much sooner?

[Ramon_13]

@Investing For The Future I hope

[JB170]

@Investing For The Future how ? It's money they don't currently get. It's a good pr move to make it free at first while it will also drive faster adoption. And once they start to collect fees it will create another revenue source

[CoolerHeadsPrevail]

Yes it will be 29.9%

[V_uniqueacc]

@CoolerHeadsPrevail plus a base fee 🤭

[Datsyuk13]

Jab at Apple, who counters with a straight left.

[craftbrewinfo]

@Datsyuk13 I’d like to jab zuck in the jaw .. my skin crawls every time I see his beedy little rat face

[G. Blair Bauer]

I think Mark Zuckerberg & Jack Dempsey are 2 of the greediest people on earth. Will not use either of their services or buy their stock.

[Seekingbuddah]

Facecrook is so magnanimous

[Blowback2]

Nice try....but no cookie!

[Pedlar]

But will FB continue its privacy theft?

[Datsyuk13]

That’s reactionary. Trying to say they’re not greedy

[Third Prize Is You're Fired]

I found that my Facebook account offered little. So, I deleted it. Sincerest apologies to the dumbest people from my High School that wanted me to assist them in exposing a sophisticated ring of pedos.

Facebook's stock however, offers much. So, I continue to buy it.

Long $FB

[Entreri]

Lol.

FB et al are still angry at Apple for protecting user privacy.

[Lanidracl]

Hilarious.
Facebook is lame entertainment.
For the intellectually challenged.
Apple is useful.

[MaxPower912]

@Lanidracl
the lower the intellect, the more hours spent on FB.

it is a perfect inverse relationship

i = 1/FB

Solving for FB, we have FB = 1/i

[nerd_rage]

Doesn't matter to me, I'm steering well clear of FB. Invasion of privacy is built into their business model. That's what you get with a "free" ad-based platform. When I see ads, I run.

[Qwerty1234567]

@nerd_rage privacy is overrated

[MaxPower912]

@Qwerty1234567
privacy is priceless. steer clear of rubbish and you will retain yours.

[JB170]

@nerd_rage it's a great mechanism for free services tho. You may not have the need for a free service as you may be able to comfortably afford a premium service . But people in developed nation's who ha every little disposable Income don't even ConSider it and will happily take ads for a service. Honestly even a lot of lower income people in rich countries Will easily take the deal

[pascout]

When it’s free, it’s because YOU are the product.

[pharmanco]

Brought to you by the Shopify ?