Vimeo's stock ($VMEO) experienced a significant decline, with sessions lows reaching -30%. The company's shares dropped by 23% to 27%, marking its largest intraday slump since February 2022. The reasons behind the stock's previous strong performance this year remain unclear. Despite the sharp decline, there was no specific news driving the drop. Speculation about takeover interest from European app developer Bending Spoons added to the confusion surrounding the stock.
$VMEO ... ONCE u have someone like this ONE reporting about it! ... U know GENDER EQUALITY is a HOAX! is she trying to get promoted? ... for sure she's not tying to get a husband ... or she would upload a better profile pic! https://t.co/g7rOuy5afG
$VMEO -30% on no news
$VMEO also a pre-event name for the arb community, who are so perplexed this morning. Earlier this month, it's said to get takeover interest from Europe app developer Bending Spoons. https://t.co/UKN7ct9rom
Vimeo $VMEO stock down 27% for company’s biggest intraday slump since February 2022...unclear why stock was up so much YTD in the first place https://t.co/xlYMv034vr
$VMEO down 23%, session low was -30%. Not clear on why...