Bending Spoons IPO hits $18 billion valuation as AI transforms aging internet brands
Milan-based Bending Spoons went public on the Nasdaq with an $18 billion valuation, with shares jumping 40% by market close. The Italian company has spent over a decade acquiring beloved but struggling internet brands like AOL, Vimeo, and Evernote, transforming them through AI and operational excellence rather than flipping them for profit.