Meta will not take commission from creators on Instagram and Facebook until 2024
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.
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