When CNN bought YouTube star Casey Neistat's company Beme for an eye-watering $25 million in 2016, it made headlines all over the world. Just over a year later, however, CNN has announced that it will be shutting down the company and its cofounders Neistat and Matt Hackett will be leaving CNN. In an interview with BuzzFeed News, Neistat voiced his frustration with Beme and its overall strategy - or the lack of one. I would sort of disappear, and I would hide, and I would make YouTube videos for my channel because at least I would be able yield something. I don’t think I’m giving CNN what I want to give them, and I don’t think they’re getting value from me."

Source: Forbes January 25, 2018 17:48 UTC