Facebook, Instagram Will Invest Over $1 Billion to Lure Content Creators and Compete Against TikTok, Snapchat

Facebook will invest over $1 billion (roughly Rs. 7,450 crores) to support content creators through the end of 2022, as it aims to compete with platforms like TikTok and YouTube for the attention of top social media personalities.

source https://gadgets.ndtv.com/social-networking/news/facebook-instagram-content-creator-usd-1-billion-invest-2022-stars-plan-tiktok-snapchat-youtube-2486946#rss-gadgets-all