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@Ok_West_5560 3 days ago

MrBeast buying fintech startup Step, ByteDance facing legal heat from studios

MrBeast buying fintech startup Step, ByteDance facing legal heat from studios

Big moves in the creator economy recently. MrBeast announced his company is acquiring fintech startup Step. The article mentions that despite his massive view counts, his media business actually loses money and he relies on his food products for profitability in 2024. On the tech side, ByteDance launched a new video generation model called Seedance 2.0 and immediately got hit with cease-and-desist letters from Hollywood studios, including Netflix. Users were generating videos with copyrighted actors like Brad Pitt, so ByteDance had to apologize for the lack of guardrails.
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