Why Vimeo Stock Dived by 10% Today

Video software and services company Vimeo (NASDAQ:VMEO) had a Tuesday to forget. The company’s stock fell by just over 10% on the day, thanks to some less-than-inspiring monthly metrics published after market hours on Monday.

So what

As is its habit, Vimeo unveiled an update of several of its key metrics, this time for the month of August. For the period, its year-over-year growth in total revenue was 33%, continuing a declining streak following a peak of 60% in March.

Leave a Reply

Your email address will not be published.