LATEST DEVELOPMENT
Creator platform Passes and its founder Lucy Guo face class-action lawsuit alleging distribution of inappropriate content involving minors on the platform.
BY THE NUMBERS
According to court documents:
$40M Series A funding raised in February
$14B valuation of founder's previous company Scale AI
$360M reported net worth of Guo (Forbes 2023)
1,000+ creators on platform
Class action potentially involving multiple plaintiffs
LEGAL ALLEGATIONS
Complaint claims:
Platform allowed creators aged 15-17
Explicit content allegedly stored in "The Vault"
Internal messaging system misused
Safety controls allegedly overridden
Lawsuit filed in Southern District of Florida
THE BOTTOM LINE
The lawsuit against Passes represents a significant challenge for the venture-backed creator platform as it seeks to expand in the competitive influencer economy.