Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Meta introduces new ways for creators to make money using Facebook Groups

by
November 4, 2021
in Latest News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

I tried the Apple Vision Pro mixed-reality headset — here’s what it’s like

A.I. doomers are a ‘cult’ — here’s the real threat, according to Marc Andreessen

Facebook CEO Mark Zuckerberg

Chesnot | Getty Images News | Getty Images

As Mark Zuckerberg pursues a future in the metaverse, he has to count on his existing business — Facebook — to provide the capital to get him there.

A week after announcing its new corporate name, Meta, and unveiling a decadelong strategy, the company said Thursday that it’s adding a number of features to Facebook designed to make the platform more attractive to users and fend off competition from other social media services like TikTok, Snapchat and YouTube.

In particular, Facebook is trying to lure creators to develop high-quality content by giving them new ways to make money. Facebook Groups administrators and moderators will now be able to create community fundraisers, turn on e-commerce shops within their groups or charge subscriptions for users to access special subgroups.

“We really want to be the best place for creators to have a sustainable business and offering because we know that the content that they create for people on Facebook is really valuable,” Tom Allison, head of the Facebook app, told CNBC. “The work that we’re doing with the group admins is an extension and recognition of that.”

Meta Head of Facebook Tom Allison on Thursday announced new features for Groups administrators and moderators to generate revenue.

Courtesy of Meta

Facebook Groups has become a key part of the company’s strategy over the past few years, giving users a place to connect with others who share their interests in areas like cars, food, sports and art.

Allison said there are tens of millions of active groups on Facebook, and that more than 1.8 billion people use Groups every month. That’s almost 62% of Facebook’s 2.91 billion monthly active users.

The rollout marks one of Meta’s first announcements since the name change last week, when Zuckerberg gave a lengthy demo showcasing his work on augmented reality and virtual reality products and services.

Meta hopes to build a metaverse, or a virtual world where users could work, live and play. Facebook’s strategy for the metaverse was outlined in 2018 in a document reported last week by CNBC.

The metaverse, however, is years away and will require a hefty investment. To finance Zuckerberg’s ambitions, Facebook will have to continue growing its core social media services.

The new Groups features are less intended for Facebook to increase its own revenue, and more targeted at incentivizing users to stay and build their audience. For the most part, Facebook will not take a cut of the Groups revenue features, the company said.

Fundraisers will be subject to a small fee for payment processing as well as any applicable taxes. Fees for transactions through shops will be waived until June 2022, and the company said it won’t share in any of the funds earned through paid subgroups at this time.

“Each of these features will allow admins to invest more back into their groups,” Allison said.

Allison added that the Facebook app itself will not be changing its name and will play a key role as the company focuses on the metaverse.

“Facebook will be still Facebook like Instagram will be Instagram, WhatsApp will be WhatsApp, Messenger will be Messenger,” Allison said. “We are all part of Meta, and we are working together to build the future of these metaverse experiences.”

WATCH: Facebook to get rid of facial recognition

ShareTweetPin

Related Posts

I tried the Apple Vision Pro mixed-reality headset — here’s what it’s like

by
June 7, 2023
0

In this article AAPL Follow your favorite stocksCREATE FREE ACCOUNT Apple's new Vision Pro virtual reality headset is displayed during...

A.I. doomers are a ‘cult’ — here’s the real threat, according to Marc Andreessen

by
June 7, 2023
0

Andreessen Horowitz partner Marc Andreessen Justin Sullivan | Getty Images Venture capitalist Marc Andreessen is known for saying that "software...

Canadian wildfire smoke creates hazy skies and unhealthy air quality in New York City

by
June 7, 2023
0

The sun is shrouded as it rises in a hazy, smoky sky behind the Empire State Building, One Vanderbilt and...

Copycats are coming for JPMorgan’s high-yield ETFs. Here’s what’s next for the popular funds

by
June 7, 2023
0

While the excitement around artificial intelligence has driven the market higher in recent months, cash has continued to pour into...

Former New Jersey Gov. Chris Christie, a top GOP Trump critic, launches 2024 presidential bid

by
June 7, 2023
0

U.S. Republican presidential candidate and New Jersey governor Chris Christie speaks during the Heritage Action for America presidential candidate forum...

Next Post

Democrats put 401(k) and IRA restrictions for the rich back into their Build Back Better plan

Etsy jumps after earnings show continued sales growth, even after pandemic-era mask boom

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com