In IAC’s third-quarter earnings report, CEO Joey Levin told investors that Vimeo–one of numerous IAC subcompanies–has seen dramatic growth this year due to theCOVID-19 pandemic. Vimeo was once intended to compete with YouTube as a hub for user-generated content, but in recent years has pivoted to offering turnkey tools for various aspects of digital video, including livestreaming and screen recording, editing, distribution, storage, and monetization.
Source: Vimeo Raises $150 Million Amid Record Revenue Growth, Eyes Spinoff From Parent IAC – Tubefilter