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

{rss:content:encoded} Musical.ly launches $50 million ‘creator fund’ build out its community http://ift.tt/2D4c77U http://ift.tt/1s0OBCE December 19, 2017 at 06:15PM  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