The Tragic Fate Of The OG YouTube

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We all know Vimeo as that one videosharing platform that sometimes pops up when we look for a video on Google, but did you know that Vimeo actually predates YouTube. In fact, Vimeo was founded a couple of months before YouTube in late 2004, and it was actually owned by the parent company of CollegeHumor. They were also often the first to introduce higherquality streaming features like HD and 4k. Yet Vimeo never enjoyed the same exponential growth as YouTube. Over the years, things have actually gotten pretty bad for Vimeo as they’ve had to pivot from one strategy to the next. Initially, they were going after independent filmmakers who didn’t want their videos to be bogged down by ads. But when this didn’t play out super well, they switched to focusing on B2B video hosting and streaming solutions. They eventually IPO’d for $10 billion, but it’s been downhill since then. This video explains the story of Vimeo and the tragic fate of the OG YouTube.

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Timestamps:
0:00State Of Vimeo
2:13Accidental Creation
5:21Pivot After Pivot
8:40The Great Collapse

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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.

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