YouTube star MrBeast, whose real name is Jimmy Donaldson, is in talks to raise funding for a holding company that oversees his businesses, including Feastables and Lunchly. The potential investment round could value his company at $5 billion. Last year, his businesses generated over $400 million in revenue. In another development, Instagram is reportedly considering launching Reels as a separate app, taking advantage of TikTok’s uncertain future in the U.S. Meta previously attempted a similar move with its Lasso app in 2018, but it failed to gain traction. The company is also expanding video-editing tools to compete with TikTok’s parent company, ByteDance. Watch The World Report for the latest updates.
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