No More Compensation for Uploads Online for Us Publishers: Meta

Meta

Meta has decided not to make any payments, monetize or compensate the publisher for their uploads in News Tab on Social Media. Facebook agreed to pay for the uploads in the early phase three years ago; now, they are ending the contract with users.

The first information came from Axios about the significant change. They informed us that there would be no payment for the updated news in the dedicated tab from now onwards. In 2019, Facebook started News Tab and provided a new feature to the world to access social news by society in a new way.

Reports show that Meta has spent $105 million on the project, which is a massive amount of money, and $90 million for video uploads in the News Tab. According to the reports, Meta paid the New York times $20 million, $10 million to wall street, and CNN was paid $3 million. It all started when Meta made a deal with all the news companies.

The deals aren’t going to be renewed, so that the contract will end this three-year deal with news websites. The Verge reported that Wall Street said this deal did not pay anything off to Facebook and Meta; hence, they are stopping it. Now, Meta will focus on its platform, podcasts, Novi, and Hotline initiative.

Meta

The social media platform Meta offers a different delight to everyone. Both audience and creators need to make their living by online reach. Meta announced that they would cut off the money they pay to influencers. 

Meta has many offers to focus on the content creator’s experience and paying them. The most effective is Instagram Creator Marketplace which will expand networks and connections. In addition, it will help the creators collaborate and focus on gaining more to the audience.

Content creators, influencers, and publishers get massive monetization and compensation; it is also an essential part of their income. However, Facebook has changed it.

Raulf Hernes

By raulf

If you ask me raulf means ALL ABOUT TECH!!

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