New Delhi, July 2 -- Vimeo built a video platform over two decades with engineers, product designers, and a team that understood what filmmakers needed. When Bending Spoons acquired the company in September 2025, it kept the platform and shed most of the people. The entire video team is gone. The ongoing work of maintaining and updating Vimeo's codebase is increasingly being done by AI. Bending Spoons raised $1.68 billion on the Nasdaq on Tuesday at an $18.4 billion valuation, and the market priced that arrangement without blinking.

identify digital platforms with large user bases and declining growth, acquire them at prices that reflect their cash flow rather than their potential, cut the staff, centralize the infrastructure, and let AI...