Thursday, 5 March, 2026
Facebook, Instagram to investment $ 1bn for content creators
By Basit Ansari
<p>With mobile app rival TikTok announcing 3 bn global downloads, Facebook is ramping up the process to lure content creators and is investing $ 1bn for the same. The strategic investment will have bonus programs to pay creators, including photo-sharing service Instagram, and fund users to produce content. TikTok has committed $2 bn to support creators over three years while Snapchat pays creators a $1 mn per day.<br />
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Read full story at Techcrunch
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