Facebook Consolidates Monetization Programs, Pays Creators $2B

- Facebook is streamlining its monetization programs into a Facebook Content Monetization hub. - This hub will reward creators for their Reels, longer videos, photos, and text posts. - Creators have earned over $2 billion on Facebook this year, with payouts for Reels and other short videos growing over 80%. - Despite this, Facebook's stats still lag behind YouTube, which paid creators $70 billion over the last three years. - Facebook will invite 1 million creators already monetizing on the platform to join the beta for the Content Monetization hub. Source: [Techcrunch](https://techcrunch.com/2024/10/02/facebook-says-it-paid-content-creators-2b-this-year/)