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Social media platform X (formerly Twitter) CEO Linda Yaccarino revealed on Sunday that the platform paid out almost $20 million ( ₹around 166 crore) to our creator community. In a move to retain more users on its platform, X started sharing ad revenue with creators from July this year.
“Create. Connect. Collect all on X. We’re enabling the economic success of new segments like creators. And so far we’ve paid out almost $20 million to our creator community,” CEO Linda Yaccarino said in a post on X.
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Since Elon Musk took over X almost a year ago, the financial situation of the social media platform was in a dire situation. As the social media platform changed its content moderation policies, the advertisers started leaving the platform saying that they don’t want their ads around inappropriate content.
More to come….
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Updated: 01 Oct 2023, 10:49 PM IST
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