Snap CEO Says Snapchat’s $1M a Day Spotlight Fund Led to Too Much “Copycat Content”

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In June, Snap scaled back its incentive program for creators by advertising payouts amounting to 'millions per week,' rather than $1 million a day.

, to promote public, shortform content from Snap creators as a means to compete with TikTok. At the time, Snapchat said it would pay $1 million a day to creators with the most popular Spotlight posts and, in May, announced it had paid outmillions per week

,” rather than $1 million a day. Though the company has not disclosed its latest payment numbers, Spiegel said Snapchat has seen “record-high submissions” from creators. “In evolving the program, we’re hoping that we’re going to attract a much more diverse base of content that responds to all sorts of different interests, rather than greatest common denominator copycat content,” Spiegel said. “I think the changes in the program haven’t slowed our momentum at all and we’re still finding ways to really reward creators, not only with views of their content, but also financially.

 

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