Episode Details

Bending Spoons, the Milan-based tech giant, just went public on Nasdaq with a market cap hitting over $25 billion—double its private valuation—despite a slight post-IPO dip. Far from just buying struggling brands, they’re acquiring thriving products with real users, integrating them into a smarter, AI-powered ecosystem to boost profitability. Their strategy? Keep the brands, optimize them, and scale them—sometimes by raising prices or cutting staff, sparking debate. Evernote’s loyal user base proves their approach works. In just 13 years, they’ve grown to serve 500 million monthly users and 9 million paying customers, raking in $1.3 billion in revenue last year. With AI advancing and a list of thousands of potential targets, they’re poised to keep acquiring—and possibly even take public companies private.

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