Facebook Inc. vowed to not take a cut of revenue from creators who make money on its social-media platforms until 2023, Chief Executive Mark Zuckerberg said Monday in a thinly veiled swipe at nemesis Apple Inc.’s fees.
“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,” Zuckerberg said in a post.
and Samsung Electronics Co. Ltd.
to make its case.
Read more: Apple to celebrate developers while under fire for how it treats them
Also Monday, Facebook
said it was “launching a new payout interface so creators can see how different companies’ fees and taxes are impacting their earnings.”
Facebook shares were up 2% on Monday and headed for a record high as the company closes in on a market valuation of $1 trillion.