Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
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Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#2That’s a bold move in a vibe coding world.
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#3That’s a bold move in a vibe coding world.
On top of that, isn't Bending Spoons famous for enshittify anything they buy to squeeze every single cent they can? Meaning that their fame would push even more companies/people to do a vibecoded replacement with just the features they need.
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#4Expect entshittification of Airtable after the acquisition.
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#5Expect entshittification of Airtable after the acquisition.
Airtable has got too expensive for all the weird limitations you end up either writing tons of weird hacks around or paying another sass product to fix for you because airtable don't want to engineer a solution.
Can't say it'll be hugely missed whatever they do at this point.
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#6That’s a bold move in a vibe coding world.
On top of that, isn't Bending Spoons famous for enshittify anything they buy to squeeze every single cent they can? Meaning that their fame would push even more companies/people to do a vibecoded replacement with just the features they need.
Their MO is switching to maintenance mode and running services with skeleton crew. I am not sure if it will work in area exposed to AI, where everyone is by now used to monthly updates and quarterly product releases.
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#7Airtable is worth "just" $1.3B? I see (or used to see) it almost everywhere; why such a low valuation?
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#8I had some thoughts but for context.
Basically, widely reported Airtable's 2026 reported ARR was close to $500M. they sold at a ~3x multiple assuming it went flat/down~~. They had raised $1.4B (total latest around 770M) in funding I am not sure for what?? and had ~1B in cash (according to some online sources)??
Now I have no idea what this is even about, maybe all investors wanted out?
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#9Earlier quoted context omitted.
On top of that, isn't Bending Spoons famous for enshittify anything they buy to squeeze every single cent they can? Meaning that their fame would push even more companies/people to do a vibecoded replacement with just the features they need.
Their MO is switching to maintenance mode and running services with skeleton crew. I am not sure if it will work in area exposed to AI, where everyone is by now used to monthly updates and quarterly product releases.
Doesn't matter, has to last and pump the bending stock for the next years, products and money don't matter.
Re: Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal
#10Expect entshittification of Airtable after the acquisition.
This goes for almost all software.
'entshittification' in software is pretty much almost a standard.
Software and businesses that goes through these stages:
Venture Capital, Private Equity, Acquisitions, Ads / Sponsors, Raising Prices due to competition, etc.
Always get enshittified.