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Why Vimeo Stock Dropped 27% on Thursday

Why Vimeo Stock Dropped 27% on Thursday

Shares of Vimeo (NASDAQ: VMEO) dropped 27% on Thursday after the company released its third-quarter results. Earnings for the video software company were in line with analyst expectations, but guidance for the fourth quarter and 2022 were disappointing, which caused the stock to drop today. As of this writing, shares of Vimeo are down 26.7%.