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Why Vimeo Stock Plunged This Week

TheMotleyFool

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Shares of video software specialist Vimeo (NASDAQ: VMEO) fell sharply this week. The stock declined as much as 32.3%, according to S&P Global Market Intelligence. As of the end of the week, shares were down a total of 30.8%.

The growth stock's decline was primarily driven by the third-quarter update and some analysts' follow-up moves to downgrade their ratings for the stock.

Image source: Getty Images.

Source Fool.com

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