{"id":4259,"date":"2025-09-10T12:46:42","date_gmt":"2025-09-10T16:46:42","guid":{"rendered":"https:\/\/www.profitless.com\/?p=4259"},"modified":"2025-09-10T13:01:35","modified_gmt":"2025-09-10T17:01:35","slug":"days-after-laying-off-10-vimeo-acquired-for-1-38-billion","status":"publish","type":"post","link":"https:\/\/www.profitless.com\/?p=4259","title":{"rendered":"Days after laying off 10%, Vimeo acquired for $1.38 billion"},"content":{"rendered":"<p data-start=\"187\" data-end=\"463\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-4267\" src=\"https:\/\/www.profitless.com\/wp-content\/uploads\/2025\/09\/vimeo-bending-spoons2.png\" alt=\"\" width=\"220\" height=\"120\" \/>Just one week after CEO Philip Moyer took to <a href=\"https:\/\/www.profitless.com\/wp-content\/uploads\/2025\/09\/vimeo-layoffs.png\" data-rel=\"prettyPhoto[image-4259]\" target=\"_blank\" rel=\"noopener\">Linkedin<\/a> to spin the company\u2019s decision to axe 10% of its workforce, Vimeo is being sold off. The struggling video platform is getting scooped up by European app developer Bending Spoons in an all-cash deal valued at $1.38 billion.<\/p>\n<p data-start=\"465\" data-end=\"705\">On paper, the acquisition looks rich: a 70% premium to Vimeo\u2019s battered stock price. But investors who bought into the hype at its 2021 IPO won\u2019t be celebrating. Even with today\u2019s 60% pop, shares are still down nearly 85% from their debut.<\/p>\n<p data-start=\"707\" data-end=\"895\">For laid-off employees and long-suffering shareholders, the sale feels less like a comeback story and more like the last gasp of a once-hyped platform that never lived up to its promise.<\/p>\n<p data-start=\"707\" data-end=\"895\">In its <a href=\"https:\/\/techcrunch.com\/2025\/09\/10\/vimeo-to-be-acquired-by-bending-spoons-in-1-38b-all-cash-deal\/\">article about the acquisition<\/a>, TechCrunch points out why Vimeo employees shouldn&#8217;t be popping champagne for their salvation. Bending Spoons\u2019 playbook is simple\u2014buy broken companies (see: Evernote, WeTransfer) and then slash jobs and features until there\u2019s nothing left but a logo.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just one week after CEO Philip Moyer took to Linkedin to spin the company\u2019s decision to axe 10% of its workforce, Vimeo is being sold off. The struggling video platform is getting scooped up by European app developer Bending Spoons in an all-cash deal valued at $1.38 billion. On paper, the acquisition looks rich: a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[82,85],"tags":[151,150],"class_list":{"0":"post-4259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-layoffs","7":"category-mergers-and-acquisitions","8":"tag-bending-spoons","9":"tag-vimeo"},"acf":{"sources":[{"author":"Aisha Malik","publication":"TechCrunch","icon":4081,"url":"https:\/\/techcrunch.com\/2025\/09\/10\/vimeo-to-be-acquired-by-bending-spoons-in-1-38b-all-cash-deal\/","article_title":"Vimeo to be acquired by Bending Spoons in $1.38B all-cash deal"}]},"_links":{"self":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4259"}],"version-history":[{"count":5,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4259\/revisions"}],"predecessor-version":[{"id":4268,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4259\/revisions\/4268"}],"wp:attachment":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}