Complaints With Twitter’s “Revenue Sharing Program”

Web Desk — Given the recent history of Twitter which Elon Musk is trying to rebrand to X, the news we are going to share won’t be surprising for you.

The X Support account says the company won’t be able to make some promised payments on time because its “Ads Revenue Sharing” program is so popular and the company needs some more time for the next payout.

The company sent out the first round of payments for eligible accounts with 15 million organic impressions in the last three months and at least 500 followers as Musk announced the revenue-sharing plan in February.

However, late payments are what many people and organizations involved with X/Twitter were already expecting since Musk’s takeover. These include landlords of buildings used by Twitter in San Francisco and London or former employees of Twitter Africa who complain they were left without promised severance payments.

In May, several former employees also filed a lawsuit against the company, saying Twitter’s new leadership deliberately and repeatedly announced their intentions to breach contracts while leaving rent, vendors, and severance unpaid.

In July, Musk tweeted about Twitter / X’s financial plight. He said, “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load.”

Twitter CEO Linda Yaccarino has not tweeted publicly about the delay in payments.