Why The Founder Of The Right-Wing Video Platform Rumble Is Now A Billionaire

Paylocity’s Steve Sarowitz cofounded film studio Wayfarer with Justin Baldoni and has bankrolled its movies, including It Ends with Us. Now he’s embroiled in a sexual harassment scandal involving some of Hollywood’s most powerful players. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A critical cash injection by crypto giant Tether sent shares of Chris Pavlovski’s YouTube alternative soaring by more than 100% in late December. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Since Elon Musk torpedoed Twitter, Bluesky has seen a stunning surge. CEO Jay Graber is working on “billionaire-proofing” social media against any similar takeover. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Fernando De Leon is breaking boundaries as an immigrant billionaire—though he feels “prickly” about demographic labels: “The ethos that aligns with me the most is ‘Texan.’” See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

With media companies scrambling to adjust to a world in which AI scrapes and repurposes their work, a new cohort of middlemen is emerging to forge licensing deals between content creators and AI companies. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.