Meta Plans to Take a Nearly 50% Commission on Purchases Made Inside the 'Metaverse' Despite Complaining About Apple's 30% App Store Cut

Meta, better known as Facebook, plans to take a nearly 50% commission on digital asset purchases made inside the "metaverse," the company has revealed, months after it had complained about the maximum 30% cut that Apple takes for purchases through the App Store.

facebook meta
This week, Meta announced new ways it's allowing creators to monetize and earn money from the "metaverse." One way it's enabling that is through letting creators sell NFTs, or non-fungible tokens, through its Horizon Worlds platform. In the post, Meta declined to specify how much of a cut it would take for those purchases, but a company spokesperson told CNBC it would be 47.5% commission, inclusive of a 30% hardware fee and a 17.5% platform charge:

A Meta spokesperson confirmed to CNBC Wednesday that Meta will take an overall cut of up to 47.5% on each transaction. That includes a “hardware platform fee” of 30% for sales made through the Meta Quest Store, where it sells apps and games for its virtual reality headsets. On top of that, Horizon Worlds, will charge a 17.5% fee.

Meta's vice president of Horizons, Vivek Sharma, told The Verge that the nearly 50% commission is "a pretty competitive rate in the market," adding "we believe in the other platforms being able to have their share."

Ironically, Meta itself, including company CEO Mark Zuckerberg, has been vocal about Apple's 15% to 30% cut from the ‌App Store‌. In June, Zuckerberg wrote on Facebook that Meta would be keeping paid online events, subscriptions, badges, and other products free for creators until 2023, and after that, Meta would announce a commission that is "less than the 30% that Apple and others take."

In another post a few months later taking aim at Apple's policy, Zuckerberg said that the ‌App Store‌ cut makes "opportunities for creators to make money from their work" harder. Facebook has a long history of calling Apple's ‌App Store‌ and its 15% to 30% commission "monopolistic" and harmful to customers, adding the platform "blocks innovation [and] blocks competition." Apple and Meta had a public dispute in 2020 where the Cupertino tech giant refused an update to the Facebook app that highlighted the 30% ‌App Store‌ fee.

Update: Apple has responded to the plan by saying it "lays bare Meta's hypocrisy." Apple added that as Meta takes aim at the ‌App Store‌ fees, the social media giant will "happily take from the creators and small businesses that use their own."

Tag: Meta

Top Rated Comments

OmegaRed1723 Avatar
8 months ago
What's 50% of $0?
Score: 138 Votes (Like | Disagree)
Channan Avatar
8 months ago
I wish this company would follow MySpace into the grave already.
Score: 128 Votes (Like | Disagree)
Drew Johnston Avatar
8 months ago
Facebook certainly wouldn't be getting any of my money.
Score: 54 Votes (Like | Disagree)
Random_Matt Avatar
8 months ago
Such a hateable person.
Score: 32 Votes (Like | Disagree)
andrewxgx Avatar
8 months ago
for their defense, were talking about imaginary nonexistent items in imaginary nonexistent world
if you pay any real world monies for this you kinda deserve to be ripped by seller and marketplace
Score: 27 Votes (Like | Disagree)
Anson_431 Avatar
8 months ago
Facebook just never fails to disappoint lol
Score: 26 Votes (Like | Disagree)

Related Stories

tim cook mark zuckerberg

Apple Says Plan for Nearly 50% Commission on Metaverse Purchases 'Lays Bare Meta's Hypocrisy'

Thursday April 14, 2022 5:21 am PDT by
Apple has responded to Meta's plan to take a nearly 50% commission for digital asset purchases made inside the metaverse after complaining about fees in the App Store, calling the decision hypocritical. Yesterday, it was revealed that Meta, more commonly known as Facebook, plans to take a steep 47.5% commission for digital asset purchases made inside the so-called "metaverse." The 47.5%...
telegram app icon

Telegram CEO Accuses Apple of Destroying Dreams and Crushing Entrepreneurs

Friday October 28, 2022 8:29 am PDT by
Telegram's CEO has accused Apple of destroying dreams and ruining entrepreneurship with its App Store rules, more specifically, the company's 30% commission levied on in-app purchases for developers who make over $1 million a year. Writing on his Telegram channel, Pavel Durov said that Apple had informed the messaging platform that it would not be able to allow content creators to use...
iOS App Store General Feature Desaturated

Facebook and Spotify CEOs Slam Apple's App Store

Wednesday November 30, 2022 12:20 pm PST by
Facebook CEO Mark Zuckerberg and Spotify CEO Daniel Ek today spoke out against Apple's App Store policies, joining Twitter CEO Elon Musk, who earlier this week said that Apple was making moderation demands and had threatened to withhold Twitter from the App Store. At The New York Times DealBook Summit, Zuckerberg said that only Apple attempts to limit the apps that are in the App Store, and...
iOS App Store General Feature Dock 2

Apple Removes Scam App That Led to Hijacked Facebook Ad Accounts

Friday August 5, 2022 4:54 am PDT by
Apple has removed an app that it was unknowingly hosting on the App Store that scammed Facebook advertisers and led hackers to use advertisers' ad budgets to run possibly malicious ads on Facebook's platforms, Business Insider reports. The app previously ranked highly on the App Store when searching for "Facebook ads manager," the app used by advertisers to control their presence and ads...
European Commisssion

New EU Law Could Force Apple to Allow Other App Stores, Sideloading, and iMessage Interoperability

Tuesday November 1, 2022 8:05 am PDT by
New EU rules came into force today that could compel Apple to let users access third-party app stores and permit app sideloading on iPhones and iPads, among other sweeping changes designed to make the digital sector fairer and more competitive. Under the Digital Markets Act (DMA), the rules will apply to tech giants that meet its "gatekeeper" criteria and force them to open up their various...
General App Store South Korea Feature Feature

Apple's Korea Offices Raided by Antitrust Regulators Over Allegations It Charges Developers 33% Commission

Friday September 30, 2022 2:02 am PDT by
Apple's South Korean headquarters have been raided by antitrust regulators after a complaint was raised by developers that it is charging them over the standard 30% App Store commission rate. The dawn raid by the Korea Fair Trade Commission (KFTC) was reported by local media on Monday and covered on Friday by the Foss Patents blog, highlighting the ongoing investigation in the country into...
iOS App Store General Feature JoeBlue

Apple Begins Paying Developers After Reaching $100 Million App Store Settlement

Friday October 21, 2022 1:06 pm PDT by
Apple recently started sending payments to select App Store developers as part of a $100 million settlement it reached in the lawsuit Cameron et al v. Apple Inc., which alleged that Apple had a monopoly on the distribution of iOS apps and in-app purchases. Apple referred to the settlement as a "Small Developer Assistance Fund." Eligible developers were expected to receive a payment between...
cydia vs apple feature

Cydia Files Appeal in Higher Court in Legal Battle Against Apple

Tuesday October 4, 2022 8:01 am PDT by
Cydia parent company SaurikIT, LLC has filed an appeal with the U.S. Court of Appeals for the Ninth Circuit after U.S. District Judge Yvonne Gonzalez Rogers dismissed the company's antitrust lawsuit against Apple last month, according to court documents. SaurikIT had voluntarily asked for the case to be dismissed so the appeal process could begin at the higher court. SaurikIT sued Apple in...

Popular Stories

applefifthavenue

Man Robbed After Buying 300 iPhones From Apple Fifth Avenue

Tuesday November 29, 2022 11:54 am PST by
An unnamed 27-year-old man who purchased 300 iPhones from Apple Fifth Avenue on Monday morning was robbed shortly after leaving the store, according to 1010Wins Radio in New York. He was carrying 300 iPhone 13s in three bags and walking to his car at 1:45 a.m. when another car pulled up next to him. Two men jumped out and demanded that he hand over the bags. Not wanting to hand over 300...
app store awards 2021

Apple Announces 2022 App Store Award Winners, Highlighting Best Apps of the Year

Tuesday November 29, 2022 3:10 am PST by
Apple today announced its 2022 App Store Award winners, highlighting the 16 best apps and games selected by Apple's global App Store editorial team. The top apps were chosen by Apple for their quality, innovative technology, creative design, positive cultural impact, and ability to deliver "exceptional experiences." Apple CEO Tim Cook said: This year's App Store Award winners reimagined...
Cyber Monday Deals Feature 2022

Best Cyber Monday Apple Deals Still Available for AirPods, Apple TV, iPad, and More

Monday November 28, 2022 5:24 am PST by
The Black Friday and Cyber Monday holiday shopping rush is drawing to a close, but there are still some good deals to be had out there. For Apple products, many of the deals you've seen since last week are still available, though some have expired. So for anyone who missed out on Black Friday deals, there's still an opportunity to get some of the year's best prices on many Apple devices. Note: ...
iPhone 14 Pro Rear Camera

iPhone 15 to Use 'State-of-the-Art' Image Sensor From Sony for Better Low-Light Performance

Monday November 28, 2022 11:00 am PST by
Apple's upcoming iPhone 15 models will be equipped with Sony's newest "state of the art" image sensors, according to a report from Nikkei. Compared to standard sensors, Sony's image sensor doubles the saturation signal in each pixel, allowing it to capture more light to cut down on underexposure and overexposure. Nikkei says that it is able to better photograph a person's face even with...
eufy camera

Anker's Eufy Cameras Caught Uploading Content to the Cloud Without User Consent [Updated]

Tuesday November 29, 2022 1:01 pm PST by
Anker's popular Eufy-branded security cameras appear to be sending some data to the cloud, even when cloud storage is disabled and local only storage settings are turned on. The information comes from security consultant Paul Moore, who last week published a video outlining the issue. According to Moore, he purchased a Eufy Doorbell Dual, which was meant to be a device that stored video...
rapid security response

Apple Releases Another Rapid Security Response Update for iOS 16.2 Beta Users

Monday November 28, 2022 10:16 am PST by
Apple today released a Rapid Security Response update that is available for those running the iOS 16.2 beta, marking the launch of the second RSR update since the feature was released in iOS 16. The Rapid Security Response Update is designed to provide iOS 16.2 beta users with bug fixes without the need to install a full update. The initial RSR release for iOS 16.2 beta users was a test with ...
Apple Watch Ultra Oceanic Plus App

Apple Announces Oceanic+ App Now Available for Apple Watch Ultra

Monday November 28, 2022 6:11 am PST by
Apple today announced that the Oceanic+ app is available for the Apple Watch Ultra starting today. Designed by Huish Outdoors in collaboration with Apple, the app serves as a dive computer for recreational scuba diving at depths up to 40 meters/130 feet. Apple already offers a basic Depth app on the Apple Watch Ultra for viewing your current depth, maximum depth reached, water temperature,...
14 vs 16 inch mbp m2 pro and max feature 1

'M2 Max' Geekbench Scores Leak Online, Revealing Rumored Specs and Performance

Wednesday November 30, 2022 2:39 am PST by
Geekbench scores allegedly for the upcoming "M2 Max" chip have surfaced online, offering a closer look at the performance levels and specific details of the forthcoming Apple silicon processor. The Geekbench results, first spotted on Twitter, are for a Mac configuration of with the M2 Max chip, a 12-core CPU, and 96GB of memory. The Mac listed has an identifier "Mac14,6," which could be...
iphone 11 tesla cybertruck close up

Elon Musk Pledges to Build iPhone Rival If Apple Ousts Twitter

Tuesday November 29, 2022 2:48 am PST by
Elon Musk has pledged to offer an "alternative phone" if Apple and Google remove Twitter from their app stores, adding to long-standing rumors about an iPhone rival from Tesla. Modified iPhone 11 Pro in the style of the Tesla Cybertruck, by Caviar. Musk's remark came after being asked about the potential scenario of Twitter being removed from app stores, which could conceivably happen if the...
iOS 16

Apple Releases iOS 16.1.2 With Carrier Improvements and Crash Detection Optimizations

Wednesday November 30, 2022 10:09 am PST by
Apple today released iOS 16.1.2, another minor bug fix update that comes one week after the release of iOS 16.1.1 and three weeks after the launch of iOS 16.1, an update that added support for iCloud Shared Photo Library, Matter, Live Activities, and more. The iOS 16.1.2 update can be downloaded on eligible iPhones over-the-air by going to Settings > General > Software Update. According...