News Summary

• Social media platform X backtracked on its announcement regarding new rules for creator monetization.
• The company had focused on payouts based on engagement from a creator’s local audience.
• X Head of Product Nikita Bier announced that, starting Thursday, the platform will change its policy around payouts and will give more emphasis to impressions from the poster's region.Hours after the announcement, in a reply to a user, Elon Musk said that the company will “pause moving forward with this until further consideration,” effectively stopping the changes from moving forward.