Inside the high-wire business of MrBeast
The world's largest YouTuber is expanding beyond videos to establish a multi-billion dollar empire. Jimmy Donaldson, known as MrBeast, has been in discussions with investors for the past few months to secure a $200 million funding round for his holding company, Beast Industries, with a valuation exceeding $5 billion. A leaked investor presentation provides an exclusive insight into the rapidly growing yet unprofitable business of MrBeast and his forthcoming strategies. Bloomberg's Lucas Shaw was the first to report on MrBeast's fundraising efforts last week. To justify the remarkable valuation of over $5 billion, investors are banking on MrBeast's future focus on retailing physical merchandise rather than creating videos. Beast Industries, along with its approximately 500 staff members, anticipates revenue expansion through a range of consumer packaged goods (CPG). Sales from the company's chocolate label, Feastables, equaled the core video business in 2024 and are projected to surpass it this year. Despite this, Beast Industries has never turned a profit and does not anticipate doing so in the near future, having incurred losses of around $200 million in recent years. Investors are preparing to acquire tens of millions... Read the full article on The Verge.
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I am a **software developer** specializing in **PHP and JavaScript**, with a strong focus on **web development, automation, and eCommerce solutions**. My expertise lies in building **scalable, efficient, and interactive applications**, integrating advanced technologies to enhance user experience.
I have developed **online banking platforms, courier tracking systems, invoice generators, Chrome extensions, and AI-powered product listing automation**. My work involves **web scraping, email handling, SMS notifications, and AI-driven chatbots**, ensuring seamless automation and intelligent interactions.
I prefer using **PHP and JavaScript for automation and scraping tasks** in live environments but leverage **Python** for local tasks due to its flexibility and fewer restrictions. I have successfully integrated **third-party payment gateways** like **PayPal, Paystack, and NOWPayments**, as well as AI services like **OpenAI's API**.
Beyond development, I also run **Allshop.ng**, an **eCommerce platform**, further expanding my expertise in online business solutions. My projects emphasize **security, responsiveness, and user-friendly interfaces**, ensuring a smooth and engaging experience for all users.
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