Facebook Won't Take a Cut From Creators Until 2023, Zuckerberg Says in Shot at Apple

Facebook CEO Mark Zuckerberg on Monday announced that the social media company will wait until at least 2023 before taking a cut of revenue from creators who use the site to distribute their work or promote events. From a report: Specifically, the company will not take a cut of any revenue generated by paid online events, fan subscriptions, badges and Facebook's upcoming independent news product, Zuckerberg said in a post on Facebook. Zuckerberg also used his post to jab at Apple, which kicks off its WWDC annual developers conference Monday. "When we do introduce a revenue share, it will be less than the 30% that Apple and others take," Zuckerberg wrote, referring to the cut Apple takes on all products sold through apps that users have downloaded through its App Store. "We're also launching a new payout interface so creators can see how different companies' fees and taxes are impacting their earnings."

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