Episode Details

Bending Spoons just shattered expectations with a 40% stock surge at IPO, valuing the 13-year-old firm at over $25 billion — and they’re not done yet. Instead of selling off tech brands like AOL and Evernote, they’re flipping them for profit by cutting costs, adding features, and raising prices — all while keeping ownership. Their turnaround is dramatic: $600M in revenue and $27M profit this quarter, after losing $100M last year. Eighty-four percent of their income comes from subscriptions. This isn’t your typical “quick flip” play — it’s a bold, long-term strategy that’s winning investors over, proving that revitalizing legacy software can still be a goldmine — even in the age of AI.

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