https://medium.com/vidme/goodbye-for-now-120b40becafa
TL;DR: They couldn't compete with Youtube and Facebook.
- New sign-ups and uploads will be disabled effective today.
- Existing videos will be playable and exportable from your video manager until December 15th at noon PT, at which point they will be permanently deleted from the Vidme servers.
- All paid channel subscripitions will be suspended immediately, and subscriber-only videos will be exclusively accessible by their video owners.
- Any outstanding earnings will be paid out upon verification within 60 days.
- All Vidme paid subscriptions will cease as of today, and subscribers will no longer be billed.