After a few years of struggles, stock photo website EyeEm has reportedly filed for bankruptcy. We could have guessed things were going downhill for the company when it stopped paying photographers last year. But now EyeEm is reportedly insolvent, so you might not even receive your payments at all.
If you sell your photos through EyeEm, you may be experiencing the problem none of us likes to deal with: you’re not being paid. According to a recent report, EyeEm has stopped paying royalties to the photographers who have been selling their photos through this stock website. The reason? EyeEm claims it’s the “company restructuring.” And while a violin starts gently weeping in the background, they also add that the current “global events” have hit the platform as well.
Last night, I received an email from EyeEm about a “data security incident.” 22 million accounts have been compromised, exposing the users’ names, email addresses, and encrypted versions of passwords. However, EyeEm wasn’t the only victim of this data breach. It’s the same one that hit 500px, and it also affected 25 million users of Animoto.