YouTube is a massive platform that has become extremely popular and has created a billion dollar industry. However, a recent story in the news is the YouTube “Adpocalypse” that saw a huge fall in Dispo’s earnings after the company failed to deliver the video ads that it promised to its users. This article takes a look at the impact that the “Adpocalypse” had on Dispo, its founder and its partnerships.
Dispo co-founder drops partnerships
When it comes to rape and other scandals in the tech industry, Silicon Valley has never been more shocked. The latest is the rape allegation against Dispo co-founder David Dobrik. It is unclear how many VCs are willing to invest in a company that hasn’t yet addressed the issue, or if any have done so.
Amid all of the allegations, Spark Capital, one of Dispo’s lead investors, has stepped back from its involvement in the company. According to reports, the decision could signal other VCs to follow suit. However, the fact that Spark did not immediately pull the plug on its investment is unsettling. Moreover, the company’s early venture team is made up of six men and one woman, a far cry from the traditional male-female balance in the tech world.
Earlier this year, Dispo racked up a few impressive milestones. Specifically, the app topped the App Store charts in multiple countries. This led to an uptick in interest from venture capitalists. Dispo also achieved the feat of landing a high-profile startup funding round. But the rape allegation has caused Dispo to plummet in the App Store rankings.
YouTuber gives away dozens of cars
It’s a fact that some YouTube stars like Jimmy Fallon and Carter Sharer give away expensive luxury cars and vehicles to their lucky subscribers. In fact, Carter shared his own collection on his channel. He also revealed that he’s spent a surprising amount of money on a new car. And in case you’re wondering, the cheapest car on his list isn’t a BMW, it’s a Ferrari.
In a recent YouTube giveaway contest, MrBeast, or his real name, Jimmy Donaldson, reportedly gave away more than dozens of cars. Whether he gave them to a lucky subscriber or not, he certainly did the right thing. His giveaway of 40 cars was on the road to his 40 million subscriber milestone, which is not to be overlooked. This feat will be on display in a very special video he has prepared for his fans.
MrBeast is known for his esoteric content and elaborate stunts, and he has definitely gotten his hands dirty. One of his most popular videos is a series of three videos that take place in a deserted island. The island is worth over Rs 5 crore, so it’s a win-win for the lucky recipient.
Dispo co-founder drops partnership with Reddit
Dispo, a photo app that was launched by Los Angeles-based entrepreneur Dobrik, has announced that its co-founder, Dobrik, has quit the company. Following a story in Business Insider, Dobrik said he decided to leave Dispo, citing “unacceptable” sexual assault allegations against him.
Unshackled Ventures, an early-stage fund for immigrant founders, participated in Dispo’s October seed round. The firm’s tweets state that the allegations are “disturbing” and “at odds with firm values.”
After Dispo launched, the app received a large amount of venture interest. Its success largely stemmed from its strong network of influencers. Eventually, Dispo had a value of $100 million. This was a big deal for an app that’s still in beta.
According to Business Insider, Dobrik was filmed attempting to sexually assault a woman. A police officer responded to the scene, but did not arrest him. As a result, Dobrik left Dispo and its sponsors stopped working with him.