Zuckerberg says Meta won’t take commission from creators until 2024

Meta CEO Mark Zuckerberg has said that the company will “hold off on any revenue sharing” until 2024, a one-year extension of his prior pledge to not charge a commission until 2023.

According to Engadget, creators on Instagram and Facebook will have another year to make money from the apps without Meta taking a cut from their earnings.

The move will cover monetisation features where creators directly charge their fans — paid online events, subscriptions, newsletters and badges sold during livestreams, reports Engadget.

It does not apply to Meta’s advertising-related revenue sharing features for Reels or other video products, the report said.