Says something about Vimeo’s decline that I heard about them being acquired not from the tech news websites that I read all the time, but from Cartoon Brew in my RSS reader:

Vimeo, once the internet’s most prestigious stage for independent filmmakers and animators, is being acquired by Milan-based app developer Bending Spoons in a $1.38 billion all-cash deal.

There is a narrow space for an indie-focused, YouTube alternative. Hosting video is difficult.