TikTok is expanding its Effect Creator Rewards monetization program to more regions and lowering its payout threshold, the company announced today.
The program, which launched in May 2023, rewards creators for the effects they make through TikTok’s AR development platform, Effect House.
TikTok is also updating the program’s payout model, as creators will now only receive rewards for effects used in public videos.
Effect Creator Rewards is now available in a total of 53 regions.
Previously, creators needed an effect to have been used in 200,000 qualified videos within 90 days for the effect to start collecting rewards.
As the SEC’s new data breach disclosure rules take effect, here’s what you need to know The controversial regulation represents a major shake-up for U.S. organizationsStarting from today, December 18, publicly-owned companies operating in the U.S. must comply with a new set of rules requiring them to disclose “material” cyber incidents within 96 hours.
In an 8-K filing, breached organizations must describe the incident’s nature, scope, timing, and material impact, including financial and operational.
In addition to the SEC’s new data breach disclosure rules, the regulator has also added a new line item called Item 106 to the Regulation S-K that will be included on a company’s annual Form 10-K filing.
In a recent interview with TechCrunch, Sullivan said he welcomed the SEC’s data breach reporting rules, saying: “We can nitpick the details as much as we want, but this is the right way to do it,” he said.
Until now, many organizations have taken months to report a breach and only did so after they had completed their investigation.
