Bending Spoons debuts at $18B valuation, using AI to transform AOL and legacy internet brands
Milan-based Bending Spoons went public on Nasdaq with an $18 billion valuation, shares popping 40% by close. The Italian firm has spent over a decade acquiring struggling internet brands like AOL, Vimeo, and Evernote, then transforming them with AI and tech. Revenue hit $1.31 billion in 2025, up from $387 million in 2023, while AI now writes over 90% of its code.