There's growing discussion around the world about the legitimacy of social media platforms paying content creators for the content they contribute on the platform. While some of us may have heard of the Facebook Vs Australia saga that didn't end very well for the stakeholders involved it's also worth noting that some other social media giants like LinkedIn, Tiktok, Youtube, Clubhouse, Snapchat, Instagram, Twitter, and Facebook (surprisingly) have taken steps towards ensuring that content creators are able to earn money for their contributions.
TWO MAJOR WARRING IDEOLOGIES REGARDING CONTENT CREATION
There are two major ideologies at play at the moment, the first is that social media giants shouldn't be made to pay people who willfully contribute content on the platform because these people are doing it because they want to or they benefit from the exposure and are able to monetize the content themselves. The second ideology is that social media giants profit largely off this content by way of advertising, attracting more users through the content and driving engagement.
TIMES ARE CHANGING WITH REGARDS TO REGULATIONS FOR STARTUPS
There seems to be a lot going on as the government is beginning to explore ways of holding tech companies accountable or regulating them totally with some planning to brand tech giants like Google as a utility company. All in all, we're seeing some interesting shifts in the way social media giants are perceived and with regulations surrounding them which is as a result of the government catching up with the business model of tech companies and how it works.