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YouTube is creating a mobile live-streaming feature that is built directly into the YouTube mobile app, that allows users to make money on their content. This puts YouTube a step ahead of Facebook and Instagram, who haven't launched ways for users to make money on their live streams.

How it works: A new "capture" button will be added to the most-updated version of the YouTube mobile app that once hit allows the viewer to stream their content live. Live videos will have all of the same search, recommendation and privacy functions as normal videos. YouTube says they've been refining the service with select partners to make the experience optimal for a public rollout.

Show me the money: YouTube has introduced the new feature with a ready-to-go monetization platform, called Super Chat, which is available in over 20 countries. Users can purchase chat messages within any livestream that are highlighted in bright colors and stay pinned to the top of the chat window for up to five hours. Super Chat allows users to pay to engage in a more visible way and gives creators an opportunity to monetize their videos.

Why it matters: YouTube is taking a step ahead of rivals Facebook and Instagram by letting everyday users, including publishers, monetize their videos. Instagram and Facebook are still testing monetization opportunities for their live platforms. Some publishers have said they would abandon resources for Facebook Live altogether if the tech giant doesn't introduce a monetization platform for them to make creative investments worthwhile.

Go deeper

13 mins ago - World

NYT: Biden won't immediately remove U.S. tariffs on China

President-elect Joe Biden during an event in Wilmington, Delaware, on Tuesday. Photo: Alex Wong/Getty Images

President Trump's 25% tariffs imposed on China under the phase one trade deal will remain in place at the start of the new administration, President-elect Biden said in an interview with the New York Times published early Wednesday.

Details: "I'm not going to make any immediate moves, and the same applies to the tariffs," Biden said. He plans to conduct a full review of the current U.S. policy on China and speak with key allies in Asia and Europe to "develop a coherent strategy," he said.

Trump threatens to veto Defense spending bill over social media shield

Photo: Erin Schaff - Pool/Getty Images

President Trump tweeted Tuesday a threat to veto a must-pass end-of-year $740 billion bill defense-spending authorization bill unless Congress repeals a federal law that protects social media sites from legal liability.

Why it matters: Trump's attempt to get Congress to end the tech industry protections under Section 230 of the Communications Decency Act is the latest escalation in his war on tech giants over what he and some other Republicans perceive as bias against conservatives.

The walls close in on Trump

Photo: Tasos Katopodis/Getty Images

With Bill Barr's "Et tu, Brute!" interview with AP, President Trump is watching the walls close in on his claims of fraud, hoaxes and conspiracies.

Why it matters: Trump and his legal team continue to claim election fraud. But the Republican governors of Arizona and Georgia have certified their elections, a loyalist like Barr has weighed in, and lower-ranking officials have taken potshots.