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A profile of Italian private equity firm Bending Spoons, which bought WeTransfer, Evernote, and other distressed subscription apps, and plans to spend billions (@mhbergen / Bloomberg) https://t.co/E1KwTO9df8 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/efZk1ceiSJ
Did you know one of the most fascinating tech startups this side of the atlantic is in Milan? It owns Evernote, WeTransfer, Remini (the hot AI app) and is ready to spend serious 💰 buying more companies. I profiled Bending Spoons for @BW
After buying Evernote, cutting staff and raising prices, Bending Spoons is looking for its next deal https://t.co/onUCRiZR2w
Bending Spoons, an Italian private equity firm, has been heavily criticized for its approach to deep layoffs following acquisitions. The company, which owns Evernote, WeTransfer, Meetup, StreamYard, and Hopin, has been actively acquiring distressed subscription apps and raising prices post-acquisition. CEO Luca Ferrari has defended the layoffs, though the specifics of his response were not detailed. Bending Spoons is now looking for its next acquisition and plans to spend billions in the process. The firm has also been profiled for its significant presence in Milan and its ownership of the popular AI app Remini.
