Tech Apps

Facebook To Show Creators Exactly How Much Money Apple, Google Take From Them

Facebook is launching a new interface that will show creators the fees that Apple and Google charge and how it affects their earnings.

Mandatory Credit: Photo by Valentin Wolf/imageBROKER/REX/Shutterstock (9433091a) Smartphone screen with Facebook app icon VARIOUS

Facebook is launching a new interface that will give makers a breakdown of what various charges mean for their income. Announced by Facebook CEO Mark Zuckerberg just two hours before Apple kicked off its Worldwide Developers Conference (WWDC) 2021, this comes in at a time when Apple is facing “intense scrutiny” for the App Store fees. The idea here is to let creators know how much money Apple and Google are taking from them.

Here’s a preview of what this new Facebook interface will resemble. Passing by this see, the new interface is going to break down exactly how much taxes and fees are “taken away” from a creator’s event revenue.

Zuckerberg has not clarified when this new interface will launch yet, all he said was that there’s “additional to come soon”. The Facebook CEO also said that the company would keep paid online events, fan subscriptions, badges, and their “upcoming independent news products” free for all creators till 2023. This is an extension of a policy Facebook announced in August last year while introducing the events feature on the platform. Facebook had then promised that they would not collect fees till 2021 “at least”. Now we know that at least some things are going to be free till 2023.

Facebook has plans to ultimately present an income share, as Zuckerberg has said. Yet, when they do carry this out, they have guaranteed that it will be “not exactly the 30% that Apple and others take”.

One cannot miss the obvious attack on Apple. Apple and Facebook have been involved in a rather public spat over Apple’s new App Tracking Transparency feature that was brought in with iOS 14.5. Facebook has been very critical about this update and has even taken out full-page newspaper ads lashing out at the changes ahead of their release.