Facebook Won’t Take a Share of Revenue From Creator Products Until 2023

Badges, fan subscriptions, upcoming independent news products and paid online events are included

Transforming your ad sales process just got a lot easier. Learn how to extract more value for existing technology and ultimately drive revenue, ratings and retention in Slack's new ebook.

CEO Mark Zuckerberg said in a Facebook post Monday that revenue-generating products for creators including badges, fan subscriptions, the social network’s upcoming independent news products and paid online events will remain free for creators until 2023.

Zuckerberg also took a poke at the terms Apple imposes on third-party developers on its platform, writing, “And when we introduce revenue share in 2023, it will be less than the 30% that Apple and others typically take.”

The social network is introducing a new payout interface that will help creators better understand their payouts, giving them information on what those payouts will be after taxes, refunds and fees collected by internet access providers on purchases made via Android and iOS devices, where applicable.

The new interface will start off on the web only, for paid online events.

The current interfaceFacebook

The future interfaceFacebook


Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in