(Reuters) -Facebook Inc launched its newsletter product "Bulletin" on Tuesday, a standalone platform for free and paid articles and podcasts that will aim to rival Substack. Self-publishing platform Substack is a leader in helping writers sell email subscriptions, and has lured journalists with cash advances. Other tech companies are also competing in the field, including Twitter Inc, which acquired newsletter platform Revue. Facebook said it would not take a cut of Bulletin creators' revenue at launch and that creators can choose their own subscription prices. In April, Facebook said it would pay $5 million to recruit independent local journalists to write for its new publishing platform.

Source: The Star June 29, 2021 18:45 UTC