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April 14, 2022

Ember Nuggets - META to charge 47.5%

Meta, formerly Facebook, has announced its Meta marketplace initiative where it plans to charge upwards of 47.5% on all sales on its platform and product ecosystem. The fee consists of a 30% hardware fee and a 17.5% “software” fee of Horizon Worlds. 

Not much details have been shared, but supposedly this pricing is in line. Just as a few comps - highest tax rate countries charge 50-60%, but they also provide real life utility to survive and many comforts (healthcare, education, defense) but you know, I guess Meta is just providing a lot more value (sarcasm implied). 

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