- The social media giant has announced a new tool which will run for a year, which allows users to create online classes and set up paid events, as well as taking 100% of the revenue – unless on iOS, where a 30% tax is imposed by Facebook
- With the free-to-use tool, hosting, promotion and payment processing are all provided. Facebook have said that the tool will be free for the next year. They have not said what will happen once this ‘trial’ period has concluded
- This is not the first program Facebook have launched since the Covid-19 outbreak began. Between a US$100 million cash grant to small businesses and Facebook Shops, a new ecommerce platform, the company is looking to secure a new host of businesses to the site amidst the rise in ecommerce
Source: https://searchengineland.com/facebook-launches-free-paid-online-events-for-smbs-and-others-339259
