Twitter to Pay Verified Content Creators For Ads in Replies 3a4j2e Technology News

Twitter's new CEO, Linda Yaccarino, is about to take the helm at the social media platform. 6y3f4j

By Reuters | Updated: 10 June 2023 10:17 IST

Twitter to Pay Verified Content Creators For Ads in Replies

Photo Credit: Reuters 3v6d2p

In March, Elon Musk said that Twitter makes about 5 or 6 cents per hour

Highlights

Since Musk's takeover, Twitter has struggled to retain rs
Yaccarino is an advertising veteran from NBCUniversal
The first payment block could be around $5 million

ment

Elon Musk said on Friday.

"Note, the creator must be verified and only ads served to verified s count," Musk, the billionaire who bought Twitter last October, said in a tweet.

Since Tesla CEO Musk acquired Twitter, the platform has struggled to retain rs, who have been wary about the placement of their ads after the company laid off thousands of employees.

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The move comes as Twitter's newly named CEO, Linda Yaccarino, an advertising veteran from NBCUniversal, is about to take the helm at the social media platform.

In March, Musk said that the messaging service makes about 5 or 6 cents per hour of attention from s and could raise that to 15 cents or more with ments that are more relevant and timely.

Meanwhile, Twitter alongside complained to the European Commission and consumer authorities that the online platforms allegedly facilitate the misleading promotion of crypto assets.

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US regulators suing crypto platforms Coinbase and Binance, along with last year's collapse of FTX, have sparked concerns over consumer protection related to crypto assets such as Bitcoin and ether.

The European Union last month adopted the world's first comprehensive set of rules for cryptoasset regulation (MiCa).

BEUC in its complaint filed on Thursday said the proliferation of misleading ments of crypto assets on the social media platforms is an unfair commercial practice as it exposes consumers to serious harm such as the loss of significant amounts of money.

© Thomson Reuters 2023

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