Facebook Flexes Financial Muscle To Break Into Live Audio Market

November 19, 2021 1:14 PM | 1 min read |

Facebook rebranded Meta Platforms Inc FB is offering musicians and celebrities payments to host Live Audio Rooms, the Information reports.
In recent weeks, the production companies working for Facebook, owned by Meta (MVRS), have contacted music artists and social media stars offering payment packages to host Facebook Live Audio Rooms.
The packages ranged from hundreds of thousands of dollars over several sessions that have exceeded the amount paid by rival social audio app Clubhouse.
Related Content: Facebook, Instagram To Pay Content Creators $1B Through 2022 Amid Rising Competition From TikTok, YouTube
Price Action: FB shares traded higher by 3.03% at $348.93 in the market session on the last check Friday.

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