As we enter the new year, there will be changes on the major social media platforms. And just like that, Facebook users around the world expect the platform to charge them for their content on the platform. In this article I tell you, Will Facebook start charging in 2023.
In a statement, Meta CEO Mark Zuckerberg announced that the company will wait until at least 2023 before receiving a creator revenue cut. So now that we’re in 2023, will Facebook charge and reduce creator revenue? Without further ado, let’s get in to know, Facebook will start charging in 2023.
Will Facebook start charging in 2023?
Every creator on Facebook would like to know whether or not the revenue on the platform will be cut. Zuckerberg had previously announced that they would wait until 2023 before taking a share of the creator’s earnings.
While most people on the internet expect the company to start charging from Summer 2023, it’s still unclear as there are no official claims for the statement.
But a message Mark Zuckerberg posted to Facebook states that “specifically, the company will not discount revenue generated from paid online events, fan subscriptions, badges, and Facebook’s upcoming independent news product.”
While many pundits argue that cutting revenue from creators is a desperate money-making opportunity as the company experiences a drop in profits and revenue. While other competitors like Twitter have started charging for verified badges and subscriptions, it simply means that desperate times call for desperate measures.
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Meta’s statement via Facebook Will start charging in 2023
So far there is no new update to Meta, but the new cut is expected to roll out in Summer 2023. When Facebook starts cutting revenue, both parties will benefit; the creators will have to share a certain percentage of their revenue with the platform.
Facebook post from 2021 in which Mark Zuckerberg announced the lockdown said: “To help more creators make a living on our platforms, we are keeping paid online events, fan subscriptions, badges, and our upcoming independent news products free for creators until 2023. And if we introduce a revenue share, it will be less than the 30% Apple and others take.”
Ways to make money on Facebook
There are certain ways that a creator can make money on Facebook. Meta monetization provides tools on the platform that help you earn money. A user can earn from three main categories including content earning, advertising earning and brand collaboration.
- Earn with content: A creator can make money on Facebook by enabling subscription features, getting stars from your fans, the virtual goods you get paid for, and monetization tools that allow you to get paid.
- Earn with ads.: When a creator creates Reels on Facebook and includes ads in those Reels, you can earn money. In-stream ads in your eligible ads are another way to make money on the platform.
- Partner with brands: Brand collaborations is another way to monetize affiliates and branded content on the platform.
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Facebook is a contemporary social media platform known for uniting the world. With each update, Facebook adds new features to the platform. There was news that Facebook will stop creator revenue from 2023. To know, Will Facebook start charging in 2023, read the whole article and share it with your friends. For more trending stuff, keep visiting Path of EX.
Frequently Asked Questions
Will Facebook start charging in 2023?
So far there is no new update to Meta, but the new cutoff is expected to roll out in Summer 2023.
How much of the percentage is cut off from makers revenue?
According to Mark Zuckerberg, the revenue share from makers will be less than the 30% that Apple and others take.