TikTok top creators qualified for Creator Fund faced multiple issues with the registration system, leaving them with no payouts, Bloomberg reports. Although the true scale of the incident remains unclear, the report says at least "dozens of users" on multiple social media platforms also reported they had issues with signing up.
One of these creators, Matt Mooney, told Bloomberg he’d been posting three times a day to pass verification so he could join the creator fund:
Once I finally hit 10,000 followers, I felt pretty achieved. And then seeing that glitch, it’s a very defeating feeling. Every time I post, all I can think about now is how much I would have gotten in the creator fund.
Bloomberg says, citing a spokesperson for TikTok, that the company is aware of an issue that is impacting the signup flow for the Creator Fund and is "actively working on a fix that should be available in the next few days."
One of the main requirements to join the fund is one should have 10,000 followers, 100,000 cumulative views over the past 30 days. The candidate should also be older than 18. Even though there are still young creators who are trying to take some of the glory with the fund, many big names in the creators economy don't see any financial benefits in TikTok.
As To The Moon earlier reported, Hank Green, a creator with over 6 million subscribers, revealed that he makes only 2.5 cents per 1,000 views on TikTok. This is a small fraction of what the creator earns on YouTube now and approximately half of what Green had previously made on TikTok.