Kornfilt is expected to continue as an advisor to the company. Real time Vimeo (VMEO) stock price quote, stock graph, news & analysis. The company’s president is also stepping down: Independent of yesterday’s announcement, the company announced in an SEC filing on December 20 that its president Mark Kornfilt was resigning from the company, effective March 31, 2023. Real time Vimeo (VMEO) stock price quote, stock graph, news & analysis. Market capitalization (or market value) is the most commonly used method of measuring the size of a publicly traded company and is calculated by multiplying the current stock price by the number of shares outstanding. Compared to the opening price on Wednesday 07/26/. In the third quarter of 2022, the company reported revenue of $108.1 million, but still had a net loss of $21.4 million (up from a loss of $11.7 million from the same year-earlier period). Vimeo market cap history and chart from 2020 to 2023. On Wednesday the closing price of the Vimeo Inc Registered Shs When Issued share was 3.81 on NAS. However, these small-cap stocks to avoid can be incredibly. We actually don’t want Vimeo to be an entertainment destination where people come.”Īs a standalone company, Vimeo’s market cap has plummeted 94% in the last two years. Small-cap stocks, defined by a market capitalization between 300 million and 2 billion, can tempt investors looking for quick returns. Said Sud: “e are not focused on eyeballs and content on Vimeo. Around the same time, the company’s CEO made clear that the company was abandoning filmmakers and animators who had relied on the site as a distribution platform for their work. Sud said that there will be reductions in “nearly ever region and department at Vimeo,” with the majority of people impacted in sales and research & development.īig picture: Vimeo became an independent publicly traded company in 2021 after spinning off from Barry Diller’s IAC internet holding corporation. An exact number of employees was not provided, but based on the last publicly available data about the workforce, we can estimate that the layoffs will impact around 125 people. How many people are being laid off? The company is reducing the size of its workforce by 11%, which in the words of Sud, is “the right thing to do to enable Vimeo to be a more focused and successful company.” It follows a 6% reduction in staff that was announced last summer.
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