Italian CEO Of Bending Spoons, Owner Of AOL And Evernote, Is Worth $2.4 Billion After IPO
Italian startup Bending Spoons has gone public on the Nasdaq at an $18.4 billion valuation after acquiring and optimizing stalled apps like AOL and Evernote. The company's aggressive cost-cutting and tech-reboot strategy have made its founders billionaires.
Why it matters
Illustrates a successful, albeit controversial, business model of 'rolling up' legacy tech companies to maximize efficiency and profitability.
Buying busted apps made Bending Spoons’s four cofounders billionaires. Now their stakes have collectively jumped to $8.9 billion after the Milan-based startup scrap yard listed on Nasdaq at an $18.4 billion valuation. A OL . Evernote. Vimeo. Eventbrite. All darlings of a previous era of technology, and now all owned by the same company: A little-known Italian startup called Bending Spoons. Since its founding in 2013, the company has acquired more than 50 stalled out apps and websites and rolled them up into a single business that raked in $1.3 billion in 2025. It’s “the best of both worlds of Berkshire Hathaway and a technology company,” CEO Luca Ferrari tells Forbes .
The article provides a balanced view of the company's financial success alongside the human cost of its reorganization strategy.
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