The Founder and Chief Executive Officer, CEO of Facebook Inc., Mark Zuckerberg, has announced plans to create new programmes to invest over $1 Billion to reward content creators on Facebook and Instagram.
Zuckerberg noted that Facebook planned to build the best platforms for millions of content creators to make a living. His team would reward content creators for the great content they create on Facebook and Instagram through 2022.
The Facebook CEO further revealed the plan to expand on investing in content creators over time. He said Facebook would keep paid online events, fan subscriptions, badges and the platform’s news products free for creators until 2023.
Mark Zuckerberg noted that Facebook would launch a new payout interface so creators can see how different companies’ fees and taxes are impacting their earnings.
He had earlier announced that the New commerce features on WhatsApp and Instagram would support businesses and make shopping easier.
According to him, users would soon be able to view a Shop in WhatsApp to chat with a business before buying something. He opined that business owners only need to set up their shop once to work across Facebook, Instagram, and WhatsApp.