Italian company Bending Spoons, based in Milan, has acquired former high-flying software startups like Evernote, Airtable and Miro, capitalizing on their massive depreciation in the AI era. Berkshire Hathaway has invested over $900 million in Bending Spoons, including $330 million disclosed this week, pushing the market cap to about $30 billion. The acquisition of Airtable for approximately $1.3 billion represents a 90% discount to its late 2021 peak valuation, while Miro was bought for $1.36 billion after being valued at $17.5 billion. Bending Spoons, which aims to generate profits from its acquisitions following the Warren Buffett model, also announced massive layoffs at Airtable and price hikes on products like Evernote.
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