Hit by Apple fees, Facebook offers creators new way to earn money

New Delhi: Meta, the parent company of Facebook, has announced new plans for creators to bypass 30 per cent App Store fees that Apple charges on transactions, as it prepares to build Metaverse.

In a Facebook post, Meta CEO Mark Zuckerberg said that as we build for the metaverse, we’re focused on unlocking opportunities for creators to make money from their work.

“The 30 per cent fees that Apple takes on transactions make it harder to do that, so we’re updating our Subscriptions product so now creators can earn more,” he posted late on Wednesday.