June 9 (Reuters) - Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on Friday.
"Note, the creator must be verified and only ads served to verified users count," Musk, the billionaire who bought Twitter last October, said in a tweet.
loadingSince Tesla (TSLA.O) CEO Musk acquired Twitter, the platform has struggled to retain advertisers, who have been wary about the placement of their ads after the company laid off thousands of employees.
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.
Reporting by Akriti Sharma in Bengaluru; Editing by Leslie AdlerOur Standards: The Thomson Reuters Trust Principles.
Elon Musk, Musk, Linda Yaccarino, Akriti Sharma, Leslie Adler