Shares of Vimeo, Inc. have increased 94.22% over the past quarter, and have gained 51.57% in the last year. On the other hand, the S&P 500 has only moved 10.17% and 18.61%, respectively. Investors ...
(Reuters) - Video platform Vimeo, whose popularity surged during the pandemic, said on Wednesday it will be acquired by Italian app developer Bending Spoons for about $1.38 billion, a deal that would ...
The Italian mobile application developer Bending Spoons S.p.A. today announced its intent to acquire the YouTube rival Vimeo.com Inc. in an all-cash deal worth around $1.38 billion. Bending Spoons ...
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Vimeo to slash global headcount by about 10%
Video streaming site Vimeo will reduce its global full-time headcount by about 10%, the company said on Wednesday. The reduction “is part of the company’s effort to ensure focus and efficiency”, Vimeo ...
Bending Spoons, meanwhile, has a track record of gutting the companies it takes over. It bought Evernote in 2022 and laid off most of the note-taking service's workers the following year. Bending ...
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