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Why Vimeo Stock Dived by 10% Today

TheMotleyFool

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Why Vimeo Stock Dived by 10% TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Video software and services company Vimeo (NASDAQ: VMEO) had a Tuesday to forget. The company's stock fell by just over 10% on the day, thanks to some less-than-inspiring monthly metrics published after market hours on Monday.

As is its habit, Vimeo unveiled an update of several of its key metrics, this time for the month of August. For the period, its year-over-year growth in total revenue was 33%, continuing a declining streak following a peak of 60% in March.

Image source: Getty Images.

Source Fool.com

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