Facebook Will Soon Pay You Money For Your Videos, Trying To Become “Next YouTube”
Facebook is all set to ditch the cloak of a social media company and turn itself fully into a media company. Its investments in videos will be further pushed in near future. During Facebook’s Q4 earning announcement, Zuckerberg told that Facebook is planning to start sharing its ad revenue with content creators. This strategy will attract more content creators to Facebook. Facebook has defied the predictions made by economists and revealed that its growth isn’t going to stop anytime soon. On Wednesday, the company said that its revenue grew 51% in 2016’s fourth quarter. Zuckerberg’s company was also able to convert 52 cent of every dollar into operating profit. But, before Facebook’s growth stumbles, what’s next? Last year, Facebook made big bets on video by pushing live videos like crazy. This year things won’t slow down. Instead, the company is expected to invest more money to create its new moneymaking machine. Zuckerberg himself considers video a mega trend. “That’s why we’re...