Facebook won’t take a cut of revenue from creators using paid features on its platform until 2023, Facebook CEO Mark ZuckerbergMark Elliot ZuckerbergFacebook draws lawmaker scrutiny over Instagram's impact on teens How social media fuels U.S. political polarization — what to do about it Democrats, unions pour cash into California recall fight MORE said Monday while knocking Apple over its commission fees.
Facebook will keep paid online events, fan subscriptions badges and “upcoming independent news products” free for creators for the next couple of years, he said in a post.
“And when we do introduce a revenue share, it will be less than the 30% that Apple and others take,” he added.
Facebook will also launch a new payout interface that will allow creators to see how different companies' fees and taxes are “impacting their earnings,” Zuckerberg said.
Apple takes up to a 30 percent commission fee from apps that use its mandatory in-app payment system. After backlash on the commission fee, Apple cut it down to 15 percent for the first $1 million of revenue each developer earns annually. Google has a similar commission fee collection rate in place.
Zuckerberg’s post was published just hours before Apple’s Worldwide Developers Conference.
It also follows the escalating feud between the tech giants. Facebook launched an ad campaign and fiercely pushed back against Apple earlier this year over Apple’s launch of an anti-tracking feature that requires apps to get users' permission before tracking them across apps.
Facebook, which earns a large portion of its revenue from targeted ads, argued the feature would be harmful to small businesses.