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Bending Spoons Buys Video Platform Vimeo for $1.38 Billion

2 months ago
Bending Spoons has entered a definitive agreement with Vimeo to purchase the video platform for $1.38 billion. From a report: Per the agreement, Bending Spoons will acquire Vimeo in an all-cash transaction and take Vimeo (VMEO), a public company, private. Vimeo shareholders will receive $7.85 per share in cash when the transaction closes. [...] Vimeo, once a significant player in the streaming video space, has lost massive ground to other platforms, including YouTube, in recent years. Rather than fight a losing battle in the creator space, Vimeo has catered more toward business and enterprise users lately.

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NASA finds best evidence of life on Mars so far

2 months ago
The usual cadre of scientists who disproved previous findings are stumped

If you were ever wondering where you'd be when NASA announced peer-reviewed evidence hinting at extraterrestrial life - long dead, if it existed at all - look around, because this is it.…

Brandon Vigliarolo

iPhones 17 and the Sugar Water Trap

2 months ago
Analyst Ben Thompson, commenting on Apple's outlook following the launch of the iPhone 17 lineup: Apple, to be fair, isn't selling the same sugar water year-after-year in a zero sum war with other sugar water companies. Their sugar water is getting better, and I think this year's seasonal concoction is particularly tasty. What is inescapable, however, is that while the company does still make new products -- I definitely plan on getting new AirPod Pro 3s! -- the company has, in the pursuit of easy profits, constrained the space in which it innovates. That didn't matter for a long time: smartphones were the center of innovation, and Apple was consequently the center of the tech universe. Now, however, Apple is increasingly on the periphery, and I think that, more than anything, is what bums people out: no, Apple may not be a sugar water purveyor, but they are farther than they have been in years from changing the world.

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