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Chronicles

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Seven TikTok influencers with 100K+ followers say they have earned under $5 from the Pulse ad revenue sharing program for US creators, launched in October 2022

When TikTok approached Azure MacCannell in September she was ecstatic.  —  MacCannell had sold her Warwick …

Fortune Alexandra Sternlicht

Context & Ripple Effects

Pulse was pitched as a milestone when TikTok announced it in May 2022 as its first ad product offering creators a 50/50 revenue split, gated at 100K+ followers and rolled out that October. Fortune's reporting now shows seven qualifying influencers earning under $5 each — an echo of 2020, when creators made the same transparency complaints about the $200M creator fund within a month of its launch.

First-order effects

  • The roughly 100K-follower creators admitted to Pulse have learned the program delivers effectively no income today, undermining the pitch that got Azure MacCannell and others enrolled.

Second-order effects

  • TikTok's response is visible in its own pipeline: it has since shifted monetization toward structures it controls more tightly — the performance-based TikTok Creative Challenge for 50K+ creators and Pulse Premiere, which reserves the 50% cut for select publishers like Condé Nast and BuzzFeed rather than the broad creator base.

Third-order effects

  • With two platform payout programs now drawing the same opacity complaints, creator income migrates further toward brand and affiliate deals — the channel Bloomberg later documented sustaining even sub-100K microinfluencers — leaving ad-revenue splits as a publisher perk rather than a creator livelihood.

The trend: Platform-run creator payout programs keep underdelivering relative to their announced splits, pushing the influencer economy's real earnings toward brand deals, affiliate commerce, and curated publisher partnerships.