Details have been leaked regarding Facebook’s plans to launch its own subscription service, á la Patreon – and the numbers involved should terrify creators. While Patreon takes a 5% cut from content creators who use its service, Facebook apparently has plans to charge as much as 30%. Meanwhile, the accompanying terms and conditions reveal the kind of draconian practices that Bitcoin and cryptocurrency were set up to circumvent. Facebook’s Patreon Competitor Might Grift 30% from Creators As revealed in this Twitter thread by Matt Saincome, founder of Hard Times, Facebook reached out to him to offer early access to a
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