Cameo was once valued at $1 billion. Now it's so broke it can't pay a $600,000 fine.
A Super Bowl party hosted by Cameo in 2022.
Michael Kovac/Getty Images for Cameo
- Cameo was once a tech unicorn, valued at over $1 billion just three years ago.
- Now it can't pay a $600,000 fine, according to a recent settlement document.
- The company violated FTC rules for celebrity endorsement disclosures.
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 ...
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