Discussion

• @pitdesi Sheel Mohnot on x

  Wow- Mr Beast is acquiring Step, a mobile app for teens that had raised $175M and was valued at $920M in 2021 Mr Beast is going to launch a finance-focused YouTube channel and promote the card that way- actually makes a lot of sense. No price announced https://www.theinformation.…

• @mrbeast @mrbeast on x

  I'm so excited to share that we are acquiring the financial services app, @step Nobody taught me about investing, building credit, or managing money when I was growing up. That's exactly why we're joining forces with Step! I want to give millions of young people the financial

• @chamath Chamath Palihapitiya on x

  We bought a bank. [image]

• @alexisohanian Alexis Ohanian on x

  Jimmy bought a bank. @MrBeast level up. 4.5+ years into this investment and this guy keeps surprising + impressing me with his ambition. [image]

• @theoneandomsy Omar on x

  And just like that, Mr. Beast is now a banker > About to swag his 1.4b uniques (~15% of the world pop) / 2.8b eyeballs into Bank of Beast customers > Offering 3.0% on savings, $250 in instant loans (paycheck advance), a credit building product, and up to 10% cashback on spend > […

• @trace_cohen Trace Cohen on x

  Woh how much did he pay!? Raised $500M in equity/debt, so I assume $100M+ VC funding from Coatue, Collaborative Fund, Crosslink Capital, General Catalyst and Stripe over 8yrs.

• @fundstrat @fundstrat on x

  Congrats to @MrBeast and @Beast team for the acquisiton of @step - Beast acquiring GenZ-focused @step and moving into financial services makes a lot of sense - GenZ are entering their “adulthood” - this journey requires financial education, budgeting, investing in their futures