Twitter to start paying verified content creators in a few weeks. Musk, CEO of Twitter, stated that the microblogging site will soon begin paying verified content producers for adverts displayed in their replies.
Musk stated on Twitter that the first payment block of roughly $5 million has been set aside for this reason.
“In a few weeks, X/Twitter will start paying creators for ads served in their replies. The first block payment totals $5M. Note, the creator must be verified and only ads served to verified users count,” the billionaire wrote on Twitter.
Twitter to start paying verified content creators in a few weeks, check Tweet here:
In a few weeks, X/Twitter will start paying creators for ads served in their replies. First block payment totals $5M.
Note, the creator must be verified and only ads served to verified users count.
— Elon Musk (@elonmusk) June 9, 2023
The news comes as Linda Yaccarino, an advertising veteran from NBCUniversal, takes over as CEO of Twitter amid advertiser concerns about ad placement.
Also read: Who is Twitter’s new CEO?
Elon Reeve Musk is a business magnate and investor. He is the founder, CEO, and chief engineer of SpaceX; angel investor, CEO, and product architect of Tesla, Inc.; owner, CTO, and chairman of Twitter; founder of the Boring Company and X Corp.; co-founder of Neuralink and OpenAI; and president of the philanthropic Musk Foundation.
Musk is the wealthiest person in the world according to the Bloomberg Billionaires Index, and second-wealthiest according to Forbes‘s Real Time Billionaires list as of June 2023, primarily from his ownership stakes in Tesla and SpaceX, with an estimated net worth of around $205 billion according to Bloomberg and $211.4 billion according to Forbes.
Musk was born in Pretoria, South Africa, and briefly attended the University of Pretoria before moving to Canada at age 18, acquiring citizenship through his Canadian-born mother. Two years later, he matriculated at Queen’s University and transferred to the University of Pennsylvania, where he received bachelor’s degrees in economics and physics.
