Facebook has added an in-app subscriptions service which will allow app developers to ensure revenue and consumers to keep updated on their favorite developers.
Facebook Product Management Director Prashant Fuloria, writing on the FB blog, notes that the service launches in July:
"Many developers successfully monetize their apps with one-time purchases of virtual items. Beginning in July, we are launching subscriptions as another way for you to build your businesses on Facebook."
"With subscriptions, you can establish a recurring revenue stream and offer updated content or premium experiences for a monthly fee," he added.
One-time purchases will still be available for those who wish to make them.
Facebook deducts a 30 percent cut from all payments on its site. However, those payments will no longer be in Facebook Credits. The social networking site has replaced its custom currency users' local currency.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.