![]() ![]() A Snap spokeswoman told CNBC the new payout amount is in the "double-digit" millions each month, but declined to give a specific figure. Instead, Snap would pay "millions" per month starting June 1. But that all began to change when the company announced on May 20 it would no longer pay $1 million per day. The social media giant minted a new class of millionaires, changing hundreds of lives. The company promised it would continue to pay these awards at least through 2020. Snapchat set the bar last year when it announced it would pay out Spotlight creators from a pot of $1 million per day. "I was just in shock," said Melles, 18 of Colorado.
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