Companies like Apple hurting creator economy, says Facebook"We fundamentally think that other platforms that take very large revenue share are hurting that economy"
What you need to know
Facebook thinks Apple is hurting the creator economy by charging high commission rates.
That's according to the head of its app, Fidji Simo.
She says Facebook believes not taking a cut of paid subscriptions and online events is the right thing to do.
The head of Facebook's app Fidji Simo has told attendees at Fortune's MPW Next Gen virtual conference that companies like Apple which take a "very large revenue share" are hurting the creator economy.
From Fortune:
"We fundamentally think that other platforms that take very large revenue share are hurting that economy," she said at Fortune's MPW Next Gen virtual conference referring to Apple, which takes a cut of in-app purchases made on applications that are downloaded via its app store.
Facebook says that it will continue to let creators offer paid subscriptions and online events without any comm...
Source:
Companies like Apple hurting creator economy, says Facebook
