winterbythesea:

Facebook is launching a Patreon-like “Fan Subscription” thing and it’s got red flags all over it already.

One part of the terms is that they get a lifelong, transferable license for your content, which persists even if you stop using their service. They can transfer or sub-license it to third parties, and you can’t stop them, because you agree to that when you sign up.

Another is that once they start taking a cut, which they will once this launches officially, they can take up to 30%. For comparison, Patreon takes 5%. So you sign up, you post content, they raise the fee, you decide it’s no longer worth it and stop using it… and they get to keep using your content anyway.

You can read more about it here. But basically, the takeaway seems to be that this is another example of Facebook trying to make their own version of a good thing, and turn it into a worse thing, and sell it to you as the best thing ever. Don’t buy it. Please, please, do your research before you sign up for anything.