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Cameo was once valued at $1 billion. Now it's so broke it can't pay a $600,000 fine.
- 05/24/2024, 4:01 PM
- businessinsider.com
Michael Kovac/Getty Images for Cameo
Cameo was once a tech darling. In 2021, the company reached a $1 billion valuation following a $100 million investment after the app — which allows people to pay celebrities for short video messages — became a phenomenon during the coronavirus pandemic.
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Cameo was once valued at $1 billion. Now it's so broke it can't pay a $600,000 fine.
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