Vimeo believes it does not have exposure to liquidity concern at SVB

In a regulatory filing, Vimeo (VMEO) said it is aware of reports of the closure of Silicon Valley Bank (SIVB) and appointment of the Federal Deposit Insurance Corporation as receiver. The Company holds accounts at SVB with a total balance of less than $250,000. Therefore, the company believes it does not have exposure to any liquidity concern at SVB. The Company has a well structured and diverse set of banking partners with no bank holding over 25% of its total cash.