<div id="readability-page-1"><div><div><p>On Tuesday, <strong>YouTube</strong>, a subsidiary of <strong>Alphabet Inc.'s</strong> <span>GOOG</span> <span>GOOGL</span> <strong>Google</strong>, revealed that its creative ecosystem contributed significantly to the U.S. GDP in 2024, citing a new report.</p><p><strong>What Happened: </strong>YouTube's creative ecosystem generated $55 billion for the U.S. economy in 2024. This figure marks a $20 billion increase from 2022, when the ecosystem contributed $35 billion.</p><p>YouTube CEO <strong>Neal Mohan </strong>said, “Looking at this momentum and toward the next two decades, the creator economy is just getting started. We're excited to see what our next 20 years have in store.”</p><p>The report, conducted in partnership with<strong> Oxford Economics</strong>, also highlights the creation of 490,000 full-time jobs within the YouTube ecosystem, up from 390,000 jobs reported in 2022.</p><p><strong>Why It's Important: </strong>The creator economy, rapidly expanding yet frequently overlooked, has been pushing for more support from U.S. institutions like banks and government bodies, reported TechCrunch.</p><p>Despite clear financial stability, many creators face challenges accessing business credit cards or securing certain types of loans.</p><p><em>Subscribe to the </em><em>Benzinga Tech Trends newsletter</em><em> to get all the latest tech developments delivered to your inbox.</em></p><div><p></p><h3>Pre-IPO Offer: Get A Piece Of A Nearly $5T Global Opportunity By Joining BOXABL As An Early Shareholder At Just $0.80/Share</h3><p></p><div><div><div><ul> <li><strong>Massive Demand &amp; Disruptive Potential</strong> – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.</li> <li><strong>Revolutionary Manufacturing Approach</strong> – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.</li> <li><strong>Affordable Investment Opportunity</strong> – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.</li> </ul> </div></div><div><p><span><img src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/10/22181427/Paolo-and-Gali.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="460" height="306" original-src="https://imageproxy.pbkrs.com/https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/10/22181427/Paolo-and-Gali.jpg/query-YXV0bz13ZWJwJmRwcj0yJm9wdGltaXplPW1lZGl1bSZ3aWR0aD0yMzA"/></span></p></div></div><div><div><p><span><b>Share Price: </b></span><span>$0.80 </span></p><p><span><b>Min. Investment: </b></span><span>$1,000 </span></p><p><span><b>Valuation: </b></span><span>$3.5B </span></p></div></div></div><p>These concerns have gained enough traction to prompt action. Just last week, Rep. <strong>Yvette Clarke</strong> (D-NY) and Rep. <strong>Beth Van Duyne</strong> (R-TX) launched a bipartisan Congressional <strong>Creators Caucus</strong> aimed at acknowledging and advancing the interests of the creator community.</p><p><strong>Price Action: </strong>Alphabet Inc.'s Class A shares rose 1.43% on Tuesday, while Class C shares increased by 1.34%, according to Benzinga Pro data.</p><p><strong>Benzinga’s Edge Stock Rankings</strong> show Alphabet maintaining strong price momentum across short, medium and long-term periods. Additional performance metrics can be found here.</p><p><em>Check out more of Benzinga's Consumer Tech coverage by </em><em>following this link</em><em>.</em></p><ul> <li><strong>Alibaba, JD See Sales Soar In 618 Festival, Apple And Xiaomi Emerge As Top Selling Brands</strong></li> </ul><p><em>Image Via Shutterstock<br/></em></p></div></div></div>

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<p>YouTube's creative ecosystem contributed $55 billion to the U.S. GDP in 2024, a $20 billion increase from 2022. CEO Neal Mohan emphasized the growth potential of the creator economy, which has also created 490,000 full-time jobs. Despite financial stability, creators face challenges in accessing credit. A bipartisan Congressional Creators Caucus has been formed to support the creator community. Alphabet Inc.'s shares saw a rise of 1.43% for Class A and 1.34% for Class C on Tuesday.</p>

- YouTube's creative ecosystem contributed $55 billion to the U.S. GDP in 2024, a $20 billion increase from 2022.  
- The report, conducted with Oxford Economics, also noted the creation of 490,000 full-time jobs within the ecosystem, up from 390,000 in 2022.  
- Despite this growth, creators face challenges in accessing business credit and loans, prompting the formation of a bipartisan Congressional Creators Caucus to support their interests.  

YouTube Contributed $55 Billion To US GDP, New Report Reveals: 'The Creator Economy Is Just Getting Started,' Says CEO Neal Mohan