The Beme app was officially shut down on . Beme was merged into CNN Digital Studios on . Despite this, the Beme News YouTube channel was still active for more than a year after the closure.
Why did CNN shut down Beme?
Share this story CNN has shut down Casey Neistat's Beme after buying the company for $25 million in November 2016, reports BuzzFeed News.
What happened beam app?
Beam — the mobile savings app that imploded last year after a CNBC investigation revealed dozens of customers were unable to get their money out — has been shut down for good under a tentative settlement with the Federal Trade Commission.
What happened Casey Neistats app?
Once upon a time, YouTube vlogging sensation Casey Neistat launched an app called “BEME” — but after selling the program to CNN, news on the project went radio silent. in 2016 with the intention of creating a new brand to market to younger audiences… but in 2017, the BEME app officially shut down.
What happened to the BEME app?
In a stroke of major fortune, CNN purchased Beme Inc. in 2016 with the intention of creating a new brand to market to younger audiences… but in 2017, the BEME app officially shut down.
Is beam a pyramid scheme?
Beam says this is not a Ponzi scheme. "I think that's the most significant anti-truth we like to clear up in the public. Frankly, if we were a Ponzi scheme, I wouldn't be here," Du said. But Malini Mithal of the FTC says none of that matters.Dec 6, 2020
Who owns beam Financial?
The complaint, filed in federal court in San Francisco on Wednesday, accuses Beam and its founder — 37-year-old Yinan “Aaron” Du — of misleading its customers by claiming they will have “24/7″ access to their funds with “no lock-ups.” Instead, the complaint says, customers who have attempted to withdraw money are given
How does Beam app work?
Beam makes money by providing software-as-a-service to financial institutions, according to its website. By inviting friends and interacting with the app, users can earn what the company calls “Billies” to temporarily boost their annual percentage rate up to 7% for a day.
What is beam account?
Beam is a fintech startup that's promising a digital deposit account with much higher interest rates than savings accounts at typical banks. According to the company's homepage, the Beam account will earn up to 4% APY depending on whether you fulfill certain daily activity requirements on the Beam mobile app.Jan 6, 2021
Is Beme still a thing?
According to a confirmed report from BuzzFeed, CNN is closing down YouTube star Casey Neistat's video business, Beme, which it bought for a reported $25 million back in 2016. In addition, the YouTuber and his co-founder, Matt Hackett, are also leaving the company.
What did Beme become?
In it, he provided more detail and explained, "Beme is going to be absorbed into CNN. The media side of Beme is going to be absorbed into CNN studios where they're going to continue their work there.