, 7 tweets, 2 min read Read on Twitter
Facebook reached out to offer Hard Drive early access to a "fan subscription" product. I asked my editors about it and the complete distrust amongst our team was kinda funny. We read through the terms and found a couple things that were hilarious when compared to Patreon's 5%.
"Facebook may in the future change these Terms such that Facebook keeps a revenue share of up to 30%. We will give 30 days’ notice of any such change."
"Facebook reserves the right to offer discounted and free trials for fans from time to time in our discretion, whether to incentivize Subscription sign-ups or otherwise. Where we do so in relation to your Fan Subscriptions, your revenue share will be reduced accordingly"
"If you are providing (or allowing us to access) any data, content, or other information in connection with your use of Fan Subscriptions (collectively, “Supplemental Data”), then you grant us ...
(and our affiliates) a non-exclusive, transferable, sub-licensable, royalty-free, worldwide license to use such Supplemental Data. This license survives even if you stop using Fan Subscriptions."
So you can give away our content for free to boost your numbers, change the rev share to 70/30, and use all the content we provide to subscribers however you want? And this is after we built an audience on your platform that you now drastically limit? patreon.com/thehardtimes
UPDATE: It appears my invitation has been revoked hahah. Here's what happens when I click on the link now:
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