Vimeo CEO says momentum can continue past pandemic: ‘We’re looking to create a market that was never there’

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“Every business that has a website or social-media account… should be using video, and most don’t.' Vimeo's CEO says its momentum can continue past pandemic.

Vimeo Inc. benefited during the pandemic as more companies turned to its video-software offerings as a way to keep their businesses running smoothly, and its chief executive sees opportunities for continued momentum even as the world reopens.

“You had markets that were already there,” Sud said at Barron’s “Investing in Tech” conference Wednesday. “We’re looking to create a market that was never there.” “I’m excited to have multiple growth levers in this market,” Sud said. With enterprise businesses, Vimeo is focused on growing its average revenue per user, while with small- and medium-sized businesses, the company sees a volume play as this group is “where you have the vast majority of businesses in the world who are not using video.”

 

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ya by the time it’s 2050 you’re gonna need a communications degree, videography, graphic design and all that shit in house lol small needs to focus on their actual biz not this bullshit marketing crap

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