
New York City-based Vimeo, Inc. (VMEO) is a leading all-in-one video software solution platform with more than 230 million users worldwide. It operates as a software-as-a-service (SaaS) platform offering over-the-top (OTT) streaming and monetization services. The company has been named one of the world’s most innovative companies by the Fast Company for the fifth time in 2022.
However, shares of VMEO have plunged 29.9% in price year-to-date due to the tech sell-off earlier this year.