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Why Vimeo Stock Lost 23% in September

TheMotleyFool

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Shares of Vimeo (NASDAQ: VMEO) were sliding last month after the YouTube competitor reported decelerating growth in August. It was the latest piece of bad news for the video subscription platform, whose shares have steadily declined since it was spun off from IAC/InterActiveCorp in May.

According to data from S&P Global Market Intelligence, the stock finished down 23%. The chart below shows it fell sharply in the second half of the month.