Mark Zuckerberg's Facebook Paid $2B To Content Creators In The Past Year — And It Wants To Pay Out More

Quick Summary:

Social media company Meta Platforms Inc.(NASDAQ:META) has paid out over $2 billion to content creators this year as it works to boost monetization efforts for users of the platform.

What Happened: Meta Platforms’ Facebook began monetization efforts in 2017 because it wanted to compete with other social media platforms and video outlets such as YouTube.

The company has paid out $2 billion over the last year with payouts for short-form videos and Reels up 80% year-over-year, as reported by TechCrunch.

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Article Details

Author / Journalist: Chris Katje

Category: Technology

Markets: United States

Topics: YouTube News META Edge Project Facebook Tech Benzinga Content Creators Mark Zuckerberg Social Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 22:11:38 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22871558

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