As we head into the new year, there are changes that are going to happen on major social media platforms. And just like that Facebook users across the world are expecting the platform will charge them for their content on the platform. In this article, I will tell you, Will Facebook Start Charging in 2023, or is Facebook going to start charging in 2023.
In a statement, Meta CEO Mark Zuckerberg announced that the company will wait until at least 2023 before taking a cut of revenue from creators. So now that we are in the new year, is Facebook going to charge in 2023 and cut revenue from creators? Without further ado, let’s dig in to know will Facebook start charging in 2023.
In This Article
Will Facebook Start Charging in 2023?
Every creator on Facebook is kind of anxious to know whether or not revenue will be cut from their earnings on the platform. Zuckerberg had earlier announced that they would wait until 2023 before taking a cut of revenue from the creator.
While most people on the internet expect that the company will start charging from the summer of 2023, it is still unclear as there are no official claims for the statement.
But a post that Mark Zuckerberg posted on Facebook states that “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.”
While many experts claim that the cutting off revenue from creators comes as a desperate chance to earn money as the company is experiencing a decline in profits and revenue. As other competitors like Twitter has started charging money for verified badges and subscriptions, it simply means desperate times call for desperate measures.
Also, read What Does the Facebook App Manager Do? Unraveling the Mystery!
Meta’s Statement Over Facebook Starting Charging in 2023
So far, there is no new update from Meta, but the new cut is expected to roll out in the Summer of 2023. When Facebook starts cutting off the revenue, both parties will be benefited; the creators will have to share some percentage of their earnings with the platform.
Facebook post from 2021 in which Mark Zuckerberg announced the cut-off said, “To help more creators make a living on our platforms, we’re going to keep paid online events, fan subscriptions, badges, and our upcoming independent news products free for creators until 2023. And when we do introduce a revenue share, it will be less than the 30% that Apple and others take.”
Meta Verified: Paid Verification for Facebook and Instagram
While it was expected that Facebook would start charging its users in the Summer of 2023, but it seems that the paid subscriptions will roll out much earlier. And it’s no surprise, looking at the losses Meta had to bear in the last year. ‘Is Facebook going to start charging like Twitter’ was a question many users started asking, and well, we have got the answer for that!
Meta has started taking the initial steps toward charging its users with the release of Meta verified. Meta verified is a paid subscription plan for Instagram and Facebook, which will provide its users with paid verification at $11.99 per month. Facebook and Instagram Paid Verification subscriptions are in the testing phase in Australia and New Zealand later, and gradually, this testing will be extended to the rest of the world.
Here is what the Meta Verified subscription offer to its users:
- A verified badge
- Protection from impersonation
- Help when you need it.
- Increased visibility and reach
- Exclusive features
Is Facebook going to charge in 2023 is pretty clear now. We can see that Meta, as a company, is working towards providing its users with a paid subscription with better features. If it will work in favor of the company or against it is something we’ll see in the future!
Ways to Earn Money on Facebook
There are certain ways in which a creator can earn money on Facebook. Meta monetization offers tools on the platform that will help you earn money. A user can earn with three main categories, which include earning with content, earning with ads, and partnering with brands.
- Earn With content: A creator can earn money on Facebook by enabling subscription features, getting stars from your fans which are the virtual goods that you get paid for, and monetization tools with which you can get paid for.
- Earn With Ads.: When a creator creates Reels on Facebook and includes ads in those Reels, you can earn money. In-stream ads in your qualifying ads are another way of earning money on the platform.
- Partner With Brands: Collaborations with brands is another way of earning money with affiliates and branded content on the platform.
Also, read Can You See Who Views Your Facebook Profile? January 2023 Updated
Wrapping Up
Facebook is a contemporary social media platform that is known for uniting the world. With each update, Facebook incorporates new features on the platform. There was news that Facebook will cut off revenue from creators from 2023. To know, Will Facebook Start Charging in 2023, read the entire article and share it with your friends. For more trending stuff, keep visiting, Path of EX.
Frequently Asked Questions
Will Facebook Start Charging in 2023?
So far, there is no new update from Meta, but the new cut off is expected to roll out in summer 2023.
How much of the percentage will be cut off from creators’ revenue?
According to Mark Zuckerberg, the revenue share of creators will be less than the 30% that Apple and others take.
