Mr Beast, Jeffree Star & more got millions in small-business PPP loans - Dexerto
Entertainment

Mr Beast, Jeffree Star & more got millions in small-business PPP loans

Published: 11/Sep/2020 1:00 Updated: 30/Jan/2021 15:14

by Theo Salaun

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Recent reports indicate that massive online brands and influencers like FaZe Clan, Mr Beast, and Jeffree Star received millions of dollars in federal relief PPP loans, which were intended for struggling small businesses.

The U.S. government’s Paycheck Protection Program was intended to offer struggling small businesses an infusion of cash to help them stay afloat in a difficult environment. However, the program has encountered legitimate controversy as much of the funds quickly ran out with reports of major, successful companies like Shake Shack and the Los Angeles Lakers receiving substantial loans instead of smaller enterprises. 

Now, it has been confirmed that some widely successful online figures received heavy funding. While it was reported months ago that FaZe Clan was among various esports organizations (including NRG and AndBox) to receive big-figure loans, Mashable’s Morgan Sung went through the ProPublica public database for loans to discover that Mr Beast and Jeffree Star are among the successful online figures to partake in the federal lending programs.

 

FaZe’s loan was confirmed to have been in the $1-2 million range. For Mr Beast, his Mr Beast YouTube LLC received $377,000. And, for Star, his Jeffree Star Cosmetics, Inc. received a loan that was between $350,000 and $1 million, with the exact amount undisclosed. 

Unlike traditional loans, the PPP loans do not need to be repaid if they are used to satisfy salary needs for employees. Considering the successes some of these organizations have had relative to smaller, struggling businesses, this has led to a degree of public outcry as people are concerned their taxpayer money is being given to those who need it least, rather than those who need it most. 

 

Considering that each of these brands makes most of their money online, it is unsurprising that people believed that their businesses were not as impacted by the situation over the last several months than locally focused small businesses. While restaurants and retail stores were unable to access their typical clientele, the Atlanta FaZe continued to win Call of Duty League prize money and each brand was able to continue posting videos to YouTube and the like. 

 

The belief that these individuals are not in need of funding has also been amplified by some of their recent spending, or, in FaZe’s case, recent valuations. After a $40 million funding round in April 2020, FaZe was valued at $240 million. More recently, Mr Beast bought a small island for $700,000, and Star was scrutinized for taking a private jet to Wyoming in order to avoid California’s fires. 

As of yet, none of the groups criticized have responded to fan concerns over these newly confirmed loans. Similarly, there has been little government response to the public’s questioning of the loaning process.

Entertainment

Bryce Hall apologizes to Dixie D’Amelio & Noah Beck for stripper prank

Published: 25/Feb/2021 22:41

by Virginia Glaze

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YouTube star and Sway House member Bryce Hall has officially apologized to Dixie D’Amelio after pranking her boyfriend with strippers — and his way of saying sorry is one for the books.

On February 17, Hall uploaded a YouTube video in which he decided to prank Dixie by blindfolding Noah and hiring two exotic dancers to do their thing around him. During this time, Hall FaceTimed Dixie to show off the proceedings, leading the completely unamused D’Amelio sister to quickly end the call.

Unsurprisingly, many fans felt the prank was “insensitive” and potentially relationship-damaging; but while Dixie and Noah appear to be on good terms despite the practical joke, Hall has since decided to make up for his blunder in a big way.

A few days later, Hall brought Noah back to his home for yet another surprise — but this time, it was a far more positive one. After presenting Noah with a heartfelt letter, Bryce revealed that he’d purchased the TikTok-famous couple a voucher for a beachside hotel in Malibu, California, which they can redeem at any time.

“I got a suite for you guys on the beach in Malibu,” he explained. “It’s really nice. I felt bad for the prank. …and it’s a voucher, so you can go whatever day you want.”

Luckily, it seems that both Dixie and Noah are happy with Bryce’s unexpected gift, with Noah joking that “Bryce does have a heart!” before admitting: “That’s so nice, actually!”

“Thank you Bryce! That’s very kind,” Dixie added, who was let in on the situation — once again — via FaceTime. “I appreciate it!”

It looks like things are all smooth on the homefront with these three in wake of a prank that even had Dixie’s mother slamming Bryce Hall for being “disrespectful” to her daughter.

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Noah himself had even called for Hall to apologize beforehand, stating during paparazzi video: “He shouldn’t be apologizing to me. He should be apologizing to Dixie.”

While Bryce is known for his “party animal” lifestyle, it’s nice to see the TikTok star showing his soft side — especially when it brings together some of his best friends.