Facebook reveals new features for creators to earn money

Facebook Chief Executive Mark Zuckerberg said Tuesday the company will build new features starting with Instagram for content creators to earn money from recommending products on the app and a marketplace to help connect brands with influencers.

While speaking with Adam Mosseri, head of Facebook-owned Instagram, during a live-streamed video, Zuckerberg also said the social network will launch “creator shops” as part of the e-commerce push.

The announcements are part of Facebook’s effort to serve the “creator economy,” in which social media influencers, journalists, and others are earning money directly from their fans on platforms, including Clubhouse, Patreon, Substack, and YouTube.

US Supreme Court backs Facebook in case about unwanted texting

Facebook will build an affiliate program that will let creators earn a cut of sales from the products they recommend, Zuckerberg said.

A Facebook spokeswoman declined to say how much creators will earn or the timeline to roll out the features.

The new marketplace to connect creators with brands will help more users with mid-sized followings earn money, Mosseri said. A growing concern in the creator economy is income disparity, where top social media personalities often garner outsized earnings, but smaller creators can struggle to make a living.

PM Imran constitutes committee to review social media rules

“If we can help with matchmaking, we can help drive more dollars to the smaller creators who can do amazing work for brands,” Mosseri said.

The announcements are another effort to catch up with the popular short-form video app TikTok, which has tested e-commerce features like live-streamed shopping. Last year, Instagram launched a direct competitor to TikTok, called Reels.

Facebook said last month it would let creators earn ad revenue from videos as short as one minute, and expand its ‘Stars’ virtual currency, which people can give out as a form of tipping to their favorite content creators.

Source link

What do you think?

Written by Atif Hasnain


Leave a Reply

Your email address will not be published. Required fields are marked *



Samsung’s Lee family to pay more than $10.8b tax, donate art

Musk trolls Bezos as space race between the two heats up