What is Bending Spoons? The little-known AOL and Vimeo owner that's now public
4 days ago
- #acquisition strategy
- #IPO
- #tech conglomerate
- Bending Spoons went public on Nasdaq, briefly surpassing $25 billion market cap, double its previous $11 billion private valuation.
- The company acquires and holds digital brands like Meetup, Eventbrite, WeTransfer, focusing on financial improvement through tech, AI, price hikes, and layoffs.
- It serves over 500 million monthly active users and 9 million monthly paying customers as of March 2026, with $1.31 billion revenue in 2025.
- Founded from the remains of Evertale, Bending Spoons bootstrapped for years before raising equity and attracting high-profile backers.
- Acquisitions include notable brands like Evernote, Vimeo, AOL, and Eventbrite, often followed by layoffs and operational changes.
- The company reduces headcount post-acquisition but maintains a core team of 'Spooners', with productivity boosted by AI.
- It plans selective future acquisitions, targeting over 1,000 digital businesses, and anticipates scalability improvements through AI.