Vimeo, Inc. (VMEO) provides video software solutions in New York and internationally. The company provides the video tools through a software-as-a-service model, which allows its users to create, collaborate, and communicate with video on a single platform. The stock has declined 87.7% over the past year and 65.3% year-to-date to close the last trading session at $6.23.
VMEO was growing tremendously during the pandemic, and many investors had an eye on it. However, VMEO's poor financials spooked investors about the company’s ability to grow over the next three to five years, resulting in a massive sell-off of the stock.
