Musical.ly launches $50 million ‘creator fund’ to build out its community

 In November, the popular lip-syncing app Musical.ly announced its acquisition by Chinese social media giant Toutiao, owned by Bytedance, in a deal sources said was valued at $ 800 million to $ 1 billion. Today, the acquisition has completed, with Musical.ly officially joining Bytedance, the companies said. In addition, Musical.ly announced the launch of a $ 50 million “Creator Fund”… Read More

Mobile – TechCrunch

Source: Mobilecrunch