Bending Spoons, a Milan-based tech conglomerate that has acquired several brands, including, AOL and Vimeo, went public on the Nasdaq this week, briefly
reaching a market capitalization of over $25 billion, TechCrunch reports. Its focus is to make the brands more financially successful through tech and AI, and often price hikes and layoffs.
Matteo Danieli, co-founder and chief product officer said that the company is “remarkably stable” despite the changes.