Founded in 2004, Vimeo spun off from IAC (InterActiveCorp) in 2021, becoming an independent, publicly traded company. Since then, the company has lost almost 90% of its market value, prompting leadership to consider strategic options, according to Bloomberg. Bending Spoons has a pattern of acquiring companies, then laying off staff and cutting features. For example, Bending Spoons acquired note-taking and task management app Evernote in 2022, after which the company laid off most of its U.S. and Chile staff and moved operations to Europe in 2023. Evernote then shut down the Linux and older legacy versions of the app, and then proceeded to place heavy restrictions on the app’s free tier in 2024.
https://techcrunch.com/2025/09/10/vimeo-to-be-acquired-by-bending-spoons-in-1-38b-all-cash-deal/