The YouTube personality and vlogger has sold his app Beme, which allows users to share four-second videos, to CNN for $25 million reports the Wall Street Journal. The Beme app itself will be shuttered, while Neistat and the 11 other employees behind Beme will move to CNN and use the app’s video technology to launch a stand-alone media company lead by Neistat. In a statement, CNN said the new media company will focus on “timely and topical video and empowering content creators to use technology to find their voice.”MG
collectionsNewslettersInnovation FestivalCurrent Issue
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.