Facebook tests paid subgroups in subscription push – Reuters

A 3D printed Facebook's new rebrand logo Meta and Facebook logo are placed on laptop keyboard in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
Nov 4 (Reuters) – Facebook (FB.O) is testing ways for creators to make money through Facebook Groups, such as users paying fees for exclusive access to content or conversations within subgroups, the company said on Thursday.
Facebook, which recently changed its name to Meta, said the test was part of its broader paid subscription effort. The social media company is one of many tech giants that have been working to woo social media creators and their large followings through payments and new tools.
Facebook, which has in recent years focused on building communities as a tactic to drive engagement on the site, said Group administrators will be able to run e-commerce shops to sell merchandise or create community fundraisers, which could offset the costs of running a Group.
On Wednesday, CEO Mark Zuckerberg also said that creators would be able to share custom links allowing them to accept payments directly, in a swipe at Apple's subscription fees. Facebook launched its subscriptions service last year.
The company announced a series of updates to its Groups product during its live-streamed Communities Summit. It said the subgroups feature, which can be free or paid, would allow members to break off within groups to focus on certain regions or topics.
Facebook Groups have been under scrutiny from lawmakers and researchers who argue that they provide closed spaces for health misinformation, violent rhetoric and extremism to proliferate without being properly policed.
A company spokesperson said Facebook was testing community fundraisers with select Groups and that Groups created in the last 30 days, violate its content rules or frequently share harmful content or misinformation were not eligible.
Facebook said Group administrators would get tools to customize their group's appearance and members would soon be able to give "community awards" for valuable posts.
The company also teased a new experience combining "the best of Groups and Pages in one place," and said it would allow administrators of Pages to use the same moderation tools as Groups. It said this was in early testing over the next year.
Our Standards: The Thomson Reuters Trust Principles.
Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology.
The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs.
The industry leader for online information for tax, accounting and finance professionals.
Information, analytics and exclusive news on financial markets – delivered in an intuitive desktop and mobile interface.
Access to real-time, reference, and non-real time data in the cloud to power your enterprise.
Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks.
All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
© 2021 Reuters. All rights reserved

source