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Jimmy Donaldson, known as MrBeast, is in discussions with investors to raise $200 million, which would value his company, Beast Industries, at over $5 billion. An investor pitch deck reveals insights into his rapidly growing yet unprofitable business and outlines future plans.
YouTube star Jimmy Donaldson, known as MrBeast, is seeking to raise several hundred million dollars, valuing his company at approximately $5 billion. The funds will support a holding company for his ventures, including Feastables and Lunchly, and expand his media operations, which generated over $400 million in revenue last year. Additionally, he has launched “Beast Games” on Amazon Prime Video, the platform's most-watched unscripted series.
MrBeast, the YouTube sensation, is seeking several hundred million dollars in funding to value his business at $5 billion, aiming to expand his media and consumer ventures, including Feastables and Lunchly. His businesses generated over $400 million last year. Despite the success of his Amazon Prime series "Beast Games," which became the platform's most-watched unscripted show, he faced significant production losses exceeding $100 million.
The race to acquire TikTok intensifies as ByteDance faces a mandated sale to a US buyer or a ban. Notable contenders include YouTuber MrBeast, billionaire Frank McCourt with "The People's Bid," and tech moguls like Elon Musk and Larry Ellison, while other potential buyers include Steven Mnuchin and Bobby Kotick. The urgency grows as the deadline approaches, with various proposals emerging to reshape the platform's future.
YouTube star MrBeast, alongside tech entrepreneur Jesse Tinsley, has made an all-cash bid to acquire TikTok's US operations, amid ongoing uncertainty about the app's future in the country. Former President Trump expressed openness to bids from tech billionaires, valuing TikTok at $1 trillion. The app briefly shut down due to regulatory pressures but was reinstated after Trump suspended enforcement of a law requiring its sale.
TikTok CEO Shou Chew is set to attend President-elect Donald Trump's inauguration amid looming threats to the app's U.S. operations. With a deadline for divestiture approaching, both Trump and President Biden are exploring options to keep TikTok available, despite past efforts to ban it. Meanwhile, American investors, including MrBeast, are reportedly interested in acquiring TikTok's U.S. arm to prevent a shutdown.
UBS has launched a tokenized money market fund on the Ethereum blockchain, named the "UBS USD Money Market Investment Fund Token" (uMINT), to meet growing investor demand for digital assets. This initiative is part of UBS's broader strategy to utilize distributed ledger technology for fund issuance and distribution, following previous successful pilots and transactions involving digital assets. Meanwhile, MrBeast faces allegations of engaging in "pump-and-dump" schemes, reportedly earning over $23 million by trading low-cap cryptocurrencies while misleading his followers.
Jimmy Donaldson
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