Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
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Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#2They also own Komoot and I am anxiously awaiting the enshittification.
As of now my use cases still work and it certainly helped that I bought the lifetime all-world map package.
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#3Per Wikipedia, Bending Spoons owns: AOL, Brightcove, Eventbrite, Evernote, Harvest, Issuu, Komoot, Meetup, MileIQ, Remini, StreamYard, Tractive, Vimeo, and WeTransfer.
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#4Interesting, Vimeo sat under IAC for almost 20 years claiming it would go public, when it finally did it was eventually sold off to Bending Spoons not even 5 years in.
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#5But how will they make it about AI...?
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#6> "Founded in 2013, Bending Spoons reported a net income of $27.5 million on revenue of $601 million for the three months ended March 31, compared to a net loss of $112.2 million on revenue of $259 million a year earlier. A large chunk of its revenue comes from recurring subscriptions, providing a more predictable stream of income."
Gergely Orosz did an interview with them in 2024:
https://newsletter.pragmaticengineer.com/p/twisting-the-rule...
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#7[deleted]
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#8Interesting, Vimeo sat under IAC for almost 20 years claiming it would go public, when it finally did it was eventually sold off to Bending Spoons not even 5 years in.
While I'm not a huge fan of the Bending Spoons model, Vimeo sure got improved quickly.
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#9But how will they make it about AI...?
Hmm, assuming that the AI bubble might pop a little bit after the upcoming IPOs, maybe it's better not to call yourself an AI company then?
Re: Italy's Bending Spoons, owner of AOL and Vimeo, files for Nasdaq IPO
#10It's still a big mystery to me how they were able to pull billion-dollar acquisitions while being one or two orders of magnitude lower in revenue.
>inb4 leverage
Yeah, I know leverage exists but still, you cannot go to a bank and ask them to help you acquire something 100x worth your cap.