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How A Young Outsider Turned Failing Vimeo Into A Billion-Dollar Company
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Seven years ago, Vimeo had Hollywood dreams. The internet video outfit—owned by Barry Diller’s IAC—had found a niche hosting flicks for artsy filmmakers who didn’t want their works to be tossed into YouTube’s unruly, ad-driven stew. But it was a tiny, money-losing business with annual revenue under $40 million.
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Bernie Madoff, mastermind of vast Ponzi scheme, dies in federal prison at age 82 |
Madoff was arrested in December 2008 for swindling thousands of clients out of close to $65 billion
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