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Facebook brings the action đ„
Unlimited bonuses all around.
Itâs Friday and as TikTok continues to marvel at this absolutely bonkers AI Willy Wonka âexperience,â actors hired to perform at the fiasco are sharing what really went down.
BONUS POINTS
Facebook celebrated Leap Day with unlimited Performance Bonus payouts
One small step for Facebook, one giant leap for creators.
The announcement: On February 29 (aka Leap Day), Meta announced a major change to its Performance Bonus program: the end of monthly payout caps.
Creators enrolled in the invite-only monetization programâwhich debuted on Facebook last yearâhave historically faced a fixed earnings ceiling. That will no longer be the case by mid-March, when Meta says most creators will have access to unlimited rewards.
The programâs participants will also hail from more regions than ever before. An incoming expansion will onboard select users from Italy, France, Germany, Spain, Colombia, Argentina, Peru, the Philippines, Thailand, and Indonesia, bringing the Performance Bonus Program to a total of 16 countries.
âOn FacebookâŠYou can creatively express yourself with photos, text, long-form video, Live or Reels. Likewise, our content monetization programsâŠnow span each of these formats, supporting you however you publicly engage with your audiences.â
The context: Metaâs transition from ad-based revenue streams to performance-based models has been in the works for a few years now. If the company continues to embrace and expand upon programs that reward creators even in the absence of ads, the massive scale of Facebook alone will give it a significant edge.
The proof is in the stats: as of December 2023, Facebookâs global monthly active audience reportedly tops three billion users, while TikTok claims roughly one billion monthly users.
HEADLINES IN BRIEF đ°
YouTubeâs video editing app, YouTube Create, is now available in 21 countries after originally launching in the U.S. last September. (Tubefilter)
âIn an update to its abuse and harassment policies, X says it will "reduce the visibility of posts that purposefully use different pronounsâ to deadname or misgender users. (Ars Technica)
âMeta and LG are joining forces to âexpediteâ Metaâs âextended reality (XR) venturesâ and âdrive innovation in customer experiences within the burgeoning virtual space.â (LG Newsroom)
âAfter raising $22.5 million in funding, tech startup Vibe aims to help small companies buy ad space on major streaming services through a âself-serve ad platform.â (TechCrunch)
COLUMNS âą CREATORS ON THE RISE đ
This standup comedian can win over any audienceâincluding a classroom of kindergarteners
How it started: Joe Dombrowski has been making people laugh since the third grade, when he delivered his first standup routine at a class talent show. A couple decades later, he brought that same energy back to school as a teacher.
Dombrowski taught elementary school for ten years, during which time he continued pursuing standup. That was partly because âteachers are wildly underpaidââbut also because he just loved the art of comedy.
Dombrowskiâs students benefited from his comedic talent, too. The creator had a knack for bringing fun into the classroomâespecially by way of practical jokes. Eventually, one of those pranks (a fake spelling test) went viral on Facebook. 20 million views later, Dombrowski found himself on The Ellen Degeneres Show.
He capitalized on that newfound fame by launching a standup tour, which quickly caught the attention of agents. After that, the comedian embarked on âglobal tours all over the worldâ and (with the exception of a pandemic-era return to teaching) has continued building his standup career both on and offline.
How itâs going: Nowadays, Dombrowski is âthrivingâ as a professional comedian, a short-form creator, and a popular podcaster. His standup special, Donât Eat the Crayons, dropped on YouTube in November, and heâs since attracted a loyal fanbase by posting clips on platforms like Instagram and TikTok.
Whatâs up next: Dombrowski is already hard at work on his next special. The creator says that show will include âa little bit of teaching materialâ but has âa bigger theme that Iâm keeping to myself for right now.â
Fans can find out more by checking out our full interview with Dombrowski here.
NEW KIDS ON THE BLOCK
Viral Nation just revamped its executive team with a new CTO and CPO
Viral Nation is taking its âtechnological evolutionâ to the next level with the hiring of two new executives: Snapchat vet Nicholas Spiro and REFACTOR founder Ahmad Nassri.
The context: Since 2014, Viral Nation has worked with thousands of content creators and brandsâincluding global giants like The Coca-Cola Company, Disney, Microsoft, Meta, and Warner Bros.
The marketing, technology, and talent management companyâs latest development is Viral Nation Ventures, a product development arm that partners with creators to launch bespoke merch.
The CPO: Spiroâs hiring is a natural follow-up to the December launch of Viral Nation Ventures. The newly-minted CPO comes from Snapchat, where he was Director of the platformâs domestic and international product marketing and strategy teams in North America, Europe, the Middle East, and Asia.
Spiroâs previous titles include Director of Product Specialists at Twitter and Senior Lead of Product Strategy, Go-To-Market, Business Engineering, and Partner Solutions at Facebook.
The CTO: Nassri brings another crucial skillset to the table. The longtime CTOâs resume includes leadership positions at companies like npm, TELUS, and Kong, as well as founding role at REFACTOR (a community for developers, technologists, and entrepreneurs that encompasses 17,000 members).
Viral Nation hopes that âproven track recordâ will position Nassri âas a key driver in Viral Nationâs technological evolution.â
The big picture: As the creator economy expands to encompass a thriving retail sphere, more and more creators are turning to established companies to help with product development, marketing, and distribution. Viral Nationâs latest hires demonstrate its adaptability in that rapidly changing industryâa trait agencies and influencers alike will need to embrace amidst the rise of creator-led brands and generative AI.
WATCH THIS đș
U.S. TikTokers can now compete for a chance to win âŹ10,000 at this yearâs Cannes Film Festival
#TikTokShortFilm: TikTokâs annual Cannes video competition is back for 2024. In a recent Newsroom post, the platform revealed that the latest edition of its #TikTokShortFilm contest will be open to creators in 55 countries (including the U.S.!).
Interested users can submit artistic, minute-long videos to the competition from now until entries close on March 15.
After that, three honoreesâone grand prize recipient, one top director, and one winning screenwriterâwill receive awards at the Festival De Cannes in May.
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Today's newsletter is from: Emily Burton, Sam Gutelle, and Josh Cohen. Drew Baldwin helped edit, too. It's a team effort.