The company’s CEO, Mark Zuckerberg, announced the platform, which is broadcast live on the “Politin.com” website, and presented some of the writers contracted by the company, according to the (Russia Today) news channel.
Facebook is trying to compete in the fast-growing email newsletter service, with journalists and writers leaving their top media companies over the past year to provide content of their own.
Self-publishing platform Substack is a leader in helping writers sell email subscriptions, attracting journalists with upfront cash, and competing with other technology companies, such as Twitter, which acquired the Revo news platform.
Facebook said it would not deduct a portion of the profits from the “Politin” content makers when it was launched, and that makers could choose their own subscription prices.
Facebook is launching the platform with a number of prominent personalities and writers, such as sports broadcaster Erin Andrews, author Malcolm Gladwell, and Tan France, star of the reality TV show Queer Eye.
The company said articles and podcasts would also be available on its NewsDesk and News service, adding that it would initially only work with US content creators. global after the completion of the development of the platform.