TECH CRUNCH - Vimeo rings in the new year with another round of layoffs, affecting 11% of its workforce. In an email to staff, CEO Anjali Sud cited an "uncertain economic environment" as the reason for the reduction. Employees in the Sales and Research & Development departments made up the majority of the layoffs.
9 posts categorized "Vimeo"
Vimeo Enters 2023 With a Round of Layoffs, Impacting 11% of Employees
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Vimeo's CEO Got an Early Start in Diapers.com
WALL STREET JOURNAL - Anjali Sud, CEO of Vimeo, was only 33 years old when she took charge of the online video platform in 2017. After earning an MBA from Harvard University in 2011, Amazon.com Inc. hired Ms. Sud for a toy buyer's spot, and she eventually ran marketing for the tech giant's Diapers.com unit. Vimeo, then owned by IAC, recruited her to be its first marketing director in 2014 and soon named her senior vice president and head of global marketing.
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Some Tech Companies Set to Sign up to Beefed-up Disinformation Code in the EU
TECH CRUNCH - Clubhouse, Vimeo, and DoubleVerify are among a clutch of tech companies and organizations preparing to sign up for a beefed-up version of the European Union's Code of Practice on Online Disinformation. "Substantial additional efforts are needed to reduce the flow of harmful misinformation, as illustrated by recent electoral campaigns and by the signatories' reports on the COVID-19 disinformation monitoring program," the EC writes in a press release.
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TikTok Integrates Vimeo's Video Tools With an Eye Toward SMBs
ADWEEK - July 20 - Vimeo and TikTok entered a partnership that integrates the former's video tools with the latter's platform, making it easier for small and midsized businesses to create effective video ads. Vimeo was also added to the TikTok Marketing Partners program, becoming the first partner to earn a badge in the new "Creative Tools" subcategory of "Creative Partners."
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Vimeo Stock Falls in Trading Debut
YAHOO FINANCE - May 26 - Vimeo CEO Anjali Sud is already back on the hunt for Vimeo's next acquisition while also plotting out new investments in the company. The listing comes on the heels of Vimeo posting 57% sales growth in the first quarter as companies continued to invest in professional video tools during the pandemic. First-quarter adjusted operating profits clocked in at $1.8M, marking the third straight quarter of being in the green for Vimeo. Shares fell as much as 16%. Vimeo's market cap stands at about $8B, above the $6B valuations afforded on an early Jan 2021 capital raise.
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IAC Plans to Spin-Off Vimeo as an Independent Company
TECH CRUNCH - Dec 23 - IAC announced that it plans to turn Vimeo into an independent, publicly-traded company. Last month, IAC CEO Joey Levin wrote a letter to shareholders in which he said the holding company had begun contemplating spinning Vimeo off to the shareholders. The announcement notes that this is the eleventh company that IAC has spun off, a process in which it distributes its ownership stake to IAC shareholders.
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Vimeo Raises $150M While IAC Is 'Contemplating' a Spin-off
TECH CRUNCH – Nov 9 - Vimeo has raised $150M in new equity funding from Thrive Capital and GIC. IAC (the parent company) CEO Joey Levin said the company has begun contemplating spinning Vimeo off to shareholders. Vimeo has 1.5M paying subscribers and ~3,500 enterprise clients. Vimeo grew revenue by 44% YOY, to $75.1M. And it had its first quarter of positive EBITDA - $3.4 million.
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After YouTube, Turkey Moves To Ban Video Sharing Site Vimeo
TECH CRUNCH - Sep 30 - Turkish courts have famously banned video sharing juggernaut YouTube several times since March 2007. The site still isn’t accessible, despite the fact that Turkey’s president Abdullah Gül used his Twitter account last June to express disapproval of the country’s blocking of YouTube. But now Vimeo has been blocked for precautional purpuses upon request of a Turkish court, which is part of an ongoing investigation held by the Ankara Prosecution Office. The investigation is related to a video which was published on Vimeo.com, claimed to be recorded secretly via a hidden camera and claimed to belong to a member of the parliament and another person, in which this video is in an act of violating personal life/rights via online or offline media. FULL ARTICLE @ TECH CRUNCH
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Vimeo Video Site Nurtures Its Video Creators
USA TODAY - Jan 27 - Vimeo, which is based in New York, is a unit of
publicly traded IAC, which owns many sites, including Match.com,
Citysearch and Ask. IAC doesn't break out revenue for its sites and
won't say if Vimeo is profitable. But traffic has more than doubled to
2.5M visitors in November from 957,000 in November 2008, according to
ComScore. YouTube reached 129M visitors in Nov and showcasing 12.2
billion videos. (Vimeo showed 14.7M videos.) FULL ARTICLE @ USA TODAY
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