Vimeo lays off most of its staff, including the entire video team, just months after being bought by private equity.
I wonder what private equity has in store?
Bending Spoons purchased #AOL in October for $1.5 billion and #Vimeo in September for $1.38 billion. Right now, the same group is closing on #Eventbrite, the live events marketplace and website. That service allows users to browse, create, and promote local events. Last year, Meetup.
Before those purchases, they bought several companies that had to do with time tracking, invoicing, expense tracking, time-based reporting, etc.
