Article_Normal, E-Commerce, Internet/Online Services, Technology, Conferences/Exhibitions, Management, Corporate/Industrial News, Senior Level Management, Content Types, Factiva Filters

Article_Normal, E-Commerce

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

“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.

6/18/2021 2:03:00 AM

“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...

Whereas the COVID-19 crisis also drove greater demand for technology like video-conferencing software, Vimeo VMEO, +4.71% Chief Executive Anjali Sud said that Vimeo’s situation is different because the company’s suite of services offers something new and distinct.

Bob Odenkirk Suffered 'Heart-Related' Medical Emergency Bryan Cranston and Aaron Paul send love to Bob Odenkirk after he collapsed on set Johnny Ventura, Dominican Merengue Icon, Dies at 81

“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.”Vimeo, which has spent about three weeks as a stand-alone public company after spinning out of IAC/InterActiveCorp. IAC, +0.01% in late May, makes tools aimed at businesses looking to create, store, share, and manage video content. The company’s technology includes live-streaming capabilities, as well as a mobile app that lets businesses make videos in a few minutes while taking advantage of artificial intelligence and a library of stock footage.

See also: How Vimeo dropped its fight with YouTube and turned ad-free videos into a real business“Every business that has a website or social-media account… should be using video, and most don’t,” Sud said. Vimeo is targeting both large businesses that could employ video across marketing, human-resources, and other teams, as well as smaller operations like mom-and-pop laundromats that could leverage video for increased customer engagement. headtopics.com

“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.”

The company expects faster growth on the enterprise side in the near term, according to Sud, since the pandemic “significantly accelerated a lot of the demand we always expected would come.” Looking farther out, she sees broader potential: “We believe it should be any business of any size regardless of budget or expertise.”

Engagement with the Vimeo platform has “settled at an elevated new normal,” Sud continued.Asked about competition from Adobe Systems Inc. and others, Sud said that the company doesn’t have a “one-on-one” direct competitor ,”that has the full suite we offer,” calling out Vimeo’s video-creation app, livestreaming functions, embeddable browser, and other functions. Other tools may help people create music videos or documentaries, she noted, but Vimeo is “helping you make a 15-second Instagram Story for your business, and then do that every day going forward.”

Still, Sud expects competition in this area to heat up given that video remains “way, way, way too hard” but said that Vimeo is working to “take the lead we have and increase the distance through innovation.” Read more: MarketWatch »

Boeing turns first profit in almost 2 years, shares jump 5%

Boeing Co (BA.N) on Wednesday posted its first quarterly profit in almost two years as revived domestic travel fueled 737 MAX deliveries, and shares rose 5% despite festering U.S.-China relations and depressed long-haul travel.

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 Follow this link to view our catalog on WhatsApp: horrible

Moderna CEO Stéphane Bancel in conversation with Newsweek CEO Dev Pragad'I wanted to be very clear that we are trying to do something scientifically extremely complicated. But if we could find a way to make it happen, you will change medicine forever.' Moderna CEO Stéphane Bancel in conversation with Newsweek CEO Dev Pragad

Opioid plaintiffs get green light to depose Walmart CEOPlaintiffs in multidistrict litigation over the nationwide opioid epidemic can depose Walmart Inc CEO Doug McMillon over the company's objection, a federal court special master has ruled.

Pfizer CEO sees a return to 'normal' globally by the end of 2022By the end of 2022, there should be enough Covid vaccine doses for most world leaders to successfully inoculate their populations, Pfizer's Albert Bourla said. this is terrible news Earthing is good for health,free & effortless,it's easy to DIY a grounding mat,pillow or sheet,no need to buy.👣🌎 Chronic pain,high blood pressure, headache,anxiety,diabetes,inflammation,migraine,arthritis,cancer,heart disease,stroke rehabilitation&etc.

CEO of major Asian bank says a 'tsunami of money' is rushing into sustainable investmentsSustainable investments can reap good returns as a lot of money is flowing into such assets, said Piyush Gupta of DBS. ₿uy horrible their new pump and dump scheme

After Raising $200 Million Before CEO Ouster, Marketing Automation Startup Iterable Announces $2 Billion ValuationThe Series E funding round led by investors including Silver Lake comes not long after the startup made headlines when its board fired co-founder and then-CEO Justin Zhu. this is terrible news

Microsoft names CEO Satya Nadella as chairmanSatya Nadella is now even more powerful at Microsoft. The best solution to the housing crisis is to build sustainable pedestrian villages with large, top quality homes, health centre, pharmacy, cafes, hot food to go, village pub and village spa pool. He's also the reason I have to keep paying monthly for my office software.