- Major competition and uncertain long-term prospects forced the video sharing platform Vidme to shutdown.
- Launched in 2014 with the goal of providing a community for small/niche creators to reach larger audiences and make more money.
- Drag-and-drop upload/sharing without account registration attracted creators and pushed traffic to 200 million users/year.
- However, sharing tip jar and subscription income with creators couldn’t cover expenses.
- Vidme wasn’t able to attract advertisers; most prefer Google and Facebook platforms (larger audiences) who can afford to charge less for ads.
Goodbye for now – Vidme
(12/01/2017)