Post by ella kallish

Bending Spoons is an Italian technology conglomerate founded in 2013 by Luca Ferrari, Francesco Patarnello, and Matteo Danieli, based in Milan.  The company specializes in acquiring established digital products with existing user bases and revitalizing them through aggressive cost-cutting, workforce reductions (often 50–75% of staff), and operational optimization, rather than building products from scratch. The firm’s business model involves purchasing underperforming but popular tech brands, significantly raising subscription prices, and relocating development teams to lower-cost regions like Italy to maximize profit margins. While often compared to private equity firms, Bending Spoons distinguishes itself by maintaining long-term ownership of its portfolio rather than reselling assets, having never sold a significant business since its inception. The company’s portfolio includes major consumer apps and platforms such as Evernote, Meetup, WeTransfer, Vimeo, AOL, Eventbrite, Hopin, Issuu, Remini, and FiLMiC. https://lnkd.in/e-c9jQdz