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TikTok plans to tell creators on its platform that it will discontinue the Creator Fund, the ByteDance-owned company’s $2 billion initiative to pay viral stars.
TikTok is shutting down its $2 billion Creator Fund, a 2020 initiative designed to help pay eligible users making content on the app, a spokesperson for the platform confirmed Monday.
When TikTok launched the Creator Fund in July of 2020 with $200 million, the company said it aimed to “support ambitious creators who are seeking opportunities to foster a livelihood through ...
TikTok Ltd was incorporated in the Cayman Islands and is based in both Singapore and Los Angeles. [13] It owns four entities that are based respectively in the United States, Australia (which also runs the New Zealand business), United Kingdom (also owns subsidiaries in the European Union), and Singapore (owns operations in Southeast Asia and India).
Zhang Yiming (Chinese: 张一鸣; born April 1, 1983) is a Chinese Internet entrepreneur.He founded ByteDance in 2012, developed the news aggregator Toutiao and the video sharing platform Douyin (internationally known as TikTok).
Ekezie has also criticized TikTok for not expanding their Creator Fund program to African users, meaning African TikTokers cannot make money from their videos. [8] As of January 2023, 60% of Ekezie's followers were located in the United States. [1] In July 2022, Ekezie had 1.2 million followers; by February 2023 this had increased to over 2 ...
Users can create, post and interact with videos on the app. TikTok is popular for its scrolling algorithm and allows users to post videos between three seconds and 10 minutes long.
The creator economy or also known as creator marketing and influencer economy, is a software-driven economy that is built around creators who produce and distribute content, products, or services directly to their audience, leveraging social media platforms and AI tools. [1]