Vimeo was founded in 2004 as a side project of web developers Jake Lodwick and Zach Klein to share and tag short videos with their friends.
Vimeo is an American video hosting, sharing, and services platform provider. The company focuses on the delivery of HD video across a range of devices.
The company earns revenue by providing subscription plans for businesses and video content producers. Vimeo provides its subscribers with tools for video creation, editing, and broadcasting, enterprise software solutions, as well as the means for video professionals to connect with clients and other professionals.
As of 2021, the site has 200 million users, with around 1.6 million subscribers to its services.
Vimeo went public on the NASDAQ in May 2021 and uses the ticker symbol VMEO.
In May 2022, Vimeo stock became oversold, hitting a strength index of 29.5.