Facebook plans to spend over $1 billion on content creators
Sylvie Claire / July 15, 2021
Facebook, to better compete with other platforms like TikTok or YouTube, plans to spend more than $1 billion on programs to compensate creators of content posted on its social networks by the end of 2022, Mark Zuckerberg said Wednesday.
We want to create the best platforms for millions of creators to make a living the boss of the parent company of Facebook and Instagram explained in a message posted on his account.
Investing in creators is nothing new for us, but I'm excited to expand this work over time, he added in a message posted on his Facebook account promising "more details soon.