New Instagram and Facebook Creator Fund

356 Views Aug 07, 2021

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There is a new Instagram and Facebook Creator Fund.

Facebook and Instagram just announced a $1 billion dollar creator fund to pay creators for creating content on Facebook and Instagram.

TikTok launched a $200 million dollar fund back in 2020. And YouTube now has a fund for YouTube shorts for $100 million and Snapchat has a creator fund for Spotlight.

Mark Zuckerburg announced the new fund on Facebook on July 14, 2021.

Copied from his Facebook post:
“We want to build the best platforms for millions of creators to make a living, so we're creating new programs to invest over $1 billion to reward creators for the great content they create on Facebook and Instagram through 2022. Investing in creators isn't new for us, but I'm excited to expand this work over time. More details soon.”

This is the article I referenced in the video.
https://www.hollywoodreporter.com/business/digital/facebook-instagram-creators-1-billion-1234981917

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