I know that's a lot of money. A billion dollars.But damn.Google bought Youtube for about a billion in like 2006. And like 20 years later its biggest competitor was only worth about a billion too. I read somewhere that Youtube is worth $500 Billion today. I dunno, just reminds me of how unstoppable Youtube really is.
>Bending SpoonsWut. Never heard of them. Is this a good or a bad thing?
>>106569501It's Private Equity it's always badmost likely they will just shove every single ad they can into the platform
>>106569535vimeo was already dead anyways
>>106569470Is there even any reason to upload videos on places that aren't Youtube?
I don't get this though. Isn't the actual video backend easy to set up? The real money is in getting people to be click junkies with fent tier algos which vimeo has none of
>>106569501They appear to be more or less tech gravediggers. Buy whatevers cheap that still has a shitload of customers but otherwise ran out of road - Evernote ring a bell? Cut R&D expenses to $0, drop the product free tiers, turn the price up to 11 on the paid tiers and hope you still have enough idiots locked in to make your purchase cost back. This all does not sound like Great News for Vimeo desu. Nor for their corporate customers still locked in to their platform. And you can certainly fucking forget them 'challenging YouTube' - be miraculous if still around in another 5 years or so.
>>106569501It’s bad, the “company” only buys IPs and fire people. There’s nothing suggesting they’re a real company who sells products. They fail to maintain products and IPs, they only just own them now.
>>106569636>tech gravediggers*graverobbers
>>106569470More money disappearing to fund somebody's exit bonus. Vimeo is not worth 1.38 billion lmao.
>>106569821It's maybe not worth $1.38 bn on paper currently, no. But they already abandoned their original filmmaker market and pivoted to business/corp clients with slightly better than YouTube (for business) video platform. And those same customers are about to get screwed. And if you can extort $1.39 bn in fees back out of them before they've had time and inclination to jump ship and Vimeo completely collapses, you won.
>>106569470>>106569501Main thing they do is acquire an existing product and then monetise the userbase.The most prominent acquisitions are Evernote, WeTransfer, Komoot and IAC.They are also behind the Italian covid tracker app which failed miserably.
>>106569892I know, I used to work for a firm that used Vimeo as their primary video host. It's gross to see this all happening in real time as they scramble to redefine "recession".
>>106569609Vimeo these days is mostly used for paywalled stuff like online courses.Not that it's secured though.
What Vimeo did... it was a pretty good site for professional showcasing their work and whatnot but one day I couldn't find my showreel after couple of years or so. Not with google, or not with Vimeo's own search... I contacted them and they took it down. This happened way before they sold this place, like in early 2020s or so.What does this mean? I'm surprised about that 1.38 bil. Seems way excessive.
>>106571488>pretty good site for professional showcasing their workWhere had those people gone to now?
wonder if someone will archive it
>>106569609videos are in original quality and you can download it in original quality. youtube significantly lowers the quality of all videos uploaded.
>>106572612never mind. the site has changed a lot since i last used it.
>>106569470bending spoons is an elaborate scheme to launder money, they've already bought early 2010s unicorns that aren't remembered by anyone, and make the situation worse, all of which doesn't make any financial senset. an italian
>>106572140most probably youtube but I found something nice while searching called kinescope
>>106569470>europeanrip vimeo, they are going to nuke all 18+ artistic nudity videos
>>106572702>>106570089I was about to apply for a job in this company once, dodged a bullet there. They offered pretty good pay and benefits afair.>>106572718aren't euros known for these things
>>106572140I was one of them, just decided to upload to my website and keep uploading new content. Super simple.
What Vimeo still exists?
>>106569501Italian company. They own Evernote for example.https://en.wikipedia.org/wiki/Bending_Spoons
>>106569704What's there to rob?
>>106573386Oh. The people who killed evernote. Does vimeo have some patents they wanted? How much money do they expect to get from suing Youtube?
>>106575325it sounds like they've seen vimeo has a bunch of contracts with businesses and so are going to rape those businesses using those contracts until vimeo dieslike they other guy said so long as they make 1.39 billion they win
>>106569470vimeo is a fucking piece of shit, and I struggle to access teh videos I purchased. I doubt they are even still in my library
>>106569470Vimeo wasn't really a Youtube competitor, their business model is based on paying users
>>106569470private equity is bad but this specific case is a nothingburger and just more proof of an irrational market in which nothing ever happens. vimeo sucks
>>106569704*deathbedrobbers
>>106575359glad my company already pivoted away from using vimeo because of how shit they werebecause of their retarded service limits it made more sense for us to use multiple separate accounts
>>106575623it's not really a nothingburger if you're a vimeo client. there's a reason everyone left evernote.
>>106569501>>106569470very bad. it's the end of vimeo. download everything you want to keep from there because it'll end up being another myspace where everything is wiped.
>>106575747>>106575824are there any vimeo clients who arent just retards who made an "indie documentary" no one wants to watch
>>106572140I don't have any idea. In vfx you don't necessarily need a reel after few years because everyone sort of knows you, but it's always good to have an online url what you can toss around when needed.Vimeo was always like a safe alternative to youtube and it actually showcased professional stuff but this was almost a decade ago by now.I guess people use youtube now but I would personally avoid more commercial platforms like that.
>>106575909>t. I have fucking zero interaction with corporate sites that use videoCorp video is a big market, for whatever reasons, and Vimeo do have a big chunk of it. Whether they are actually needed, time will soon tell after Spoons finished Bending them till they break. But, talking out my hole and using random figures, say they have $400m revenue and cunts like Coca Cola tied up in Enterprise contracts. They are probably pissing 90% of that back out the door on (mostly) nonsensical expenses, because poorly run. And retain a profit of $40m pa, let's say.So, Spoons bet will be they can turn this 90% expenses, 10% profit into a 10/90 ratio, so cut everything to the bone, jack existing prices, kill all free tiers, etc. And at 90% profit, they would be clearing $360m per year. 4 years, they in profit - by which time, Vimeo will be a complete wreck and most of the customers will have fled, but they can probably still shift it on again for another 100-200m to some necrocorp who'll rape what's left. tldr it's just a bet on how long and hard you can squeeze the lemon.
>>106569470AOL was once mighty. Leadership chose to suck and the rest is history. BTW a billion isn't much anymore.
>>106569501Was Wikia and Strawpoll getting bought by Texans a good idea?
>>106569535>platformIt’s called a website, you fucking zoomer faggot
>>106578611sybau you fucking faggot
Writing's been on the wall for a while by the looks of it
