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A creator Ponzi scheme goes wrong đŸ˜Č

We have the receipts.

TOGETHER WITH

It's only Tuesday, but Airrack’s New Years resolution has already come true. The YouTuber set a Guinness World Record on New Year’s Rockin’ Eve by visiting 100+ pizza joints in just 24 hours.

ON THE CASE 🔎

Did Revolt cheat creators out of hundreds of thousands of dollars?

Coffeezilla’s latest exposĂ© is bad news for Revolt, a major merch company that has released multi-million-dollar drops with stars like MrBeast, Valkyrae, Tubbo, Corpse Husband, Anthony Padilla, MrBallen, and Nihachu.

The allegations: Several months ago, Coffeezilla received off-the-record tips that creators who’d partnered with Revolt were being paid late—or not at all.

  • Twitch streamer/Dream SMP member Nihachu told Coffeezilla that Revolt owes her $300,000 for a 2022 drop.

  • Five people have also come forward with allegations of sexual misconduct and/or assault against Ryan Piasente, who leads Revolt and manages the YouTube group Misfits.

The motive: Financial records appear to show Piasente’s extravagant spending habits, which he allegedly supported by pulling from Revolt’s coffers—a method that forced the merch company to adopt a “Ponzi-ish” business structure.

  • According to Coffeezilla, Revolt would do a merch deal with one creator, Piasente would (allegedly) spend a chunk of the resulting sales money, and the company would then team up with another creator in order to earn enough funds to pay its previous partner.

The breaking point: Each subsequent merch deal continued the cycle—until sales slowed to the point that Revolt couldn’t fully compensate one of its most famous partners: MrBeast.

  • To make up the difference, the company allegedly altered invoices from its Chinese factory to charge MrBeast (and possibly other creators) more per product.

The full story: Those allegations are only the beginning. Check out our full article here (or watch Coffeezilla’s exposĂ©) to discover the screenshots, interviews, and receipts behind the YouTuber’s big investigation.

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HEADLINES IN BRIEF 📰

  • Kai Cenat totaled 109 million hours of watch time in 2023, making him Twitch’s top streamer of the year. (Tubefilter)
    ​

  • YouTube’s viewership share among 2-to-11-year-olds in the U.S. rose from 29.4% to 33% between September 2021 and September 2023. (Tubefilter)
    ​

  • Spotify’s platform now includes 100,000 video podcasts, with comedy shows accounting for 27.55% of all video podcast listening/viewing time. (Tubefilter)
    ​

  • The Twitch community has found creative ways to keep the “topless meta” alive despite the platform’s decision to reverse its easy-going “artistic nudity” policy. (Tubefilter)

SURVEY SAYS

By the stats: Gen Z trusts YouTube a whole lot more than other platforms

A recent survey from Business Insider and YouGov has yielded some surprising insights into Gen Z’s perspectives on social media. The study included a sample of 1,800 Americans, more than one-third of who were Gen Z.

“Trustworthy” vs. “Untrustworthy”: Among other questions, Business Insider and YouGov’s survey asked respondents to rate social platforms as “very trustworthy,” “trustworthy,” or “untrustworthy.”

  • According to that study, 59% of respondents born between 1997 and 2012 called YouTube “trustworthy” or “very trustworthy.”

  • In comparison, 40% of Gen Z respondents reported trusting Instagram.

  • Only 30% of that group granted TikTok a trustworthy rating.

  • Even fewer Gen Zers—a measly 28%—showed confidence in Facebook.

The final outcome: YouTube earned the trust of the highest percentage of Gen Z respondents, while TikTok and Facebook ranked as the least trustworthy platforms among the same age group.

WATCH THIS đŸ“ș

Meet Logan LeDouche: Logan Paul’s South Park doppelganger

South Park spares no man. The show’s latest Paramount+ special took aim at YouTuber Logan Paul by introducing viewers to Logan LeDouche, an animated vlogger intent on selling “his favorite hydration drink”—aka “Cred”—to kids.

Paul’s response: The Prime co-founder didn’t miss a beat before uploading a shot-for-shot remake of LeDouche’s Cred-fueled marketing campaign. Check it out here.

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Today's newsletter is from: Emily Burton, Sam Gutelle, and Josh Cohen. Drew Baldwin helped edit, too. It's a team effort.