BuzzTube earns $100k in 3 days – Buzztube
By Business Insider StaffBuzzTube has just reached the point where it has to do what it does best: make money.
The platform has just over $100,000 in monthly revenue, and it has raised over $2 million to date.
That is all the money it needs to pay for the team it has hired for the next four months, said co-founder and CEO Josh Baskin.
The team will include some of the most notable names in the tech industry: former Twitter and Reddit employee Matt Cutts, former Microsoft employee Nick Hanauer, and former Facebook developer Alexei Mironov.
Buzz is also the largest media platform on the internet, with nearly 200 million daily unique visitors.
It is also a place where content creators can earn money, as well as make money from other sources.
Buzz has also been getting some help from the UK government, with the government’s Digital Economy Act 2017 allowing for direct grants to businesses to fund projects like YouTube’s new platform, YouTube Red.
Baskin, who previously ran the music-streaming site Soundcloud and is now the chief operating officer of Buzz, said that he would be open to working with any company that wanted to invest in the platform.
“I’m excited to work with any business that wants to invest,” he said.
“If they’re not going to pay any taxes, or if they’re going to charge us nothing, then that’s fine, too.”
Baskins company, Buzz, currently has around 1,500 employees in the UK and more than 30,000 employees around the world.