VIMEO stock price today is 52.08 USD with a volume of 39,690. At the same time, its chart fluctuates between 52.08 USD – 60.72 USD. VIMEO stock price was a maximum of 60.72 USD and a minimum of 40.38 USD within 52 weeks. Its average volume is 3,145,100.
Vimeo Inc is a video hosting, sharing and services platform based in New York, USA. The Vimeo business model is realized through software (SaaS) and its main purpose is that high definition videos can run smoothly across different devices. It obtains the budget it allocates for its businesses and video content producers by providing subscription plans. It provides its subscribers with tools for many purposes, such as video creation, editing and publishing tools, enterprise software solutions, connecting video professionals with customers and other professionals. According to 2021 data, the site has a total of 200 million users and nearly 1.6 million subscribers to its services.
The site’s founders Jake Lodwick and Zach Klein originally built it as part of CollegeHumor to share humor videos among their colleagues, later put aside to support CollegeHumor’s growing popularity. IAC acquired CollegeHumor and Vimeo in 2006. Meanwhile, Google bought YouTube for over $ 1.65 billion. The IAC then began to create possibilities to provide specially selected content and high-definition video to differentiate itself from other video sharing sites, and put more effort into Vimeo to be a competitor to YouTube. The first founders Lodwick and Klein parted ways in 2009. Later, the IAC chose Anjali Sud as CEO in July 2017, and with it implemented a more corporate-oriented structure to improve Vimeo’s services. IAC left Vimeo in May 2021.
What Happened to Vimeo Stocks Upon ICA Leaving the Company?
Vimeo Inc fell 13% on its first trading day as an independent company after the IAC departed from the company on Tuesday, and the shares ended in roughly a week. Vimeo stocks closed the day, dropping their price from $ 52.08 on Monday to $ 45.39 on Tuesday.
Stocks must be issued before they are officially distributed in order to be able to trade, but since Vimeo stocks are not officially issued, they cannot be traded and are therefore relatively illiquid. Approximately 52,000 Vimeo stocks were traded in total when they were issued when trading began on Tuesday.
After being removed from InterActiveCorp, Vimeo’s public launch takes place. IAC stockholders received 1.6235 Vimeo stock for each IAC stock they owned in a distribution that took place after the day’s close on Monday. The company wrapped up Tuesday’s session with a market value of about $ 8 billion, over a $ 6 billion valuation through a private investment from IAC. Vimeo has shown investors stocks unprofitable for the balance of 2021, thus collecting the key investment expenditures generated. Vimeo’s market capitalization increased to nearly $ 8 billion, more than the $ 6 billion valuation it provided in the capital increase made in early January 2021, exceeding the forecast.
The company aims to grow by 30% towards the end of 2021, and thinks that this rate will be 40% in the second quarter of 2022 and 2022 will be a fast productive one.
Income Stream in the Market
Vimeo published its first quarter 2021 revenue report on May 5th. In the first quarter of 2020, Vimeo generated $ 57 million in revenue, and revenue increased by 57% in the first quarter of 2021 to $ 89.4 million. In addition, the $ 20.3 million loss in 2020 turned into a profit of 3.3 million in 2021.
Vimeo expects revenues to rise to $ 70 billion by 2024, as the company has a position that benefits from the growing market. Being a platform to refer to for local stores and Fortune 500 businesses gives vimeo these opportunities.
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