Vimeo

The operating entity, Vimeo, Inc., is incorporated in Delaware and headquartered in New York — squarely US-incorporated and US-operating. But since November 2025 its ultimate parent is Bending Spoons S.p.A., an Italian company, so EU law reaches the controlling group directly. This is the inverse of the typical 'EU-operating under a US parent' pattern: a US operating shell under an EU owner. Net positive vs. a pure US company, but the entity users contract with remains US-domiciled and CLOUD Act / US-court reachable.

Both voting control and the economic majority now sit in the EU. Vimeo was bought outright for cash ($7.85/share, ~$1.38B), so there are no longer dispersed US public shareholders — it is 100% owned up the chain by Bending Spoons S.p.A. of Milan, whose four Italian founders retain control. In Bending Spoons' June 2026 Nasdaq IPO filing, the founders hold Class A shares carrying 5 votes each, locking in EU voting control. The caveats that keep this off the top band: the immediate parent of Vimeo is a US Delaware holdco, and the parent's intended listing venue is Nasdaq (US), not an EU exchange.

Vimeo's machine is American regardless of who owns it. Vimeo's own help center states it stores data in Google Cloud locations in the United States, with video assets on Google Cloud Storage and AWS S3, and a Cloud Spanner multi-region database. EU/UK/Swiss personal data is transferred to the US and protected under the EU-US Data Privacy Framework — i.e., it leaves the EU rather than staying resident. There is no advertised EU data-residency option. This is full US-hyperscaler dependence with direct CLOUD Act / US-law exposure.

Vimeo was built and run as a US company — NYC headquarters, US leadership, USD reporting. After the acquisition Bending Spoons applied its standard playbook: a 10% cut in Sept 2025 followed by sweeping global layoffs from 20 Jan 2026 that eliminated most of Vimeo's staff, reportedly including the entire video team. Day-to-day stewardship now runs through Bending Spoons' lean Milan-led organization (~400-500 'Spooners' parent-wide). So operations are shifting from a US-centered company toward EU operator control, but with the legacy US footprint, brand and reporting currency still American — a genuinely mixed picture.