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Yeah, you're close on the cut (varied from 12.5% to 25% depending on purchase types). The revenue was nowhere near 1.2B. (I wrote the below in another comment
by throwmeawaydddy 5y ago
Yeah, you're close on the cut (varied from 12.5% to 25% depending on purchase types).
The revenue was nowhere near 1.2B.
(I wrote the below in another comment, but it's relevant to this comment):
Both of the claims in my original comment are correct as stated:
* Roughly 20K active creators (VAL_A).
* An average monthly payout to creators of $5K (VAL_B).
HOWEVER, that does not mean that VAL_A * VAL_B = total monthly payout. The below details are relevant:
1. Not all active creators made money.
2. There was a payout minimum (well, a free payout minimum, which the majority of users waited to reach).