Bending Spoons' market value rose to over $18 billion
Italian company Bending Spoons has successfully entered the Nasdaq stock exchange in the U.S. market, increasing its market value to $18 billion, Zamin.uz reported.
On the first day of trading, the company's shares rose by 40%, reflecting strong interest from technology specialists and investors. This outcome is significant because the company has spent years acquiring popular but underperforming internet brands and revitalizing them.
This information is being widely covered by international media. Based in Milan, the holding now includes globally recognized platforms such as Meetup, Eventbrite, Vimeo, and WeTransfer.
According to company leaders, Bending Spoons does not simply buy assets cheaply and sell them later for profit. On the contrary, they aim to completely technologically revitalize acquired projects, give them a second life, and manage them with a long-term strategic vision.
This approach sets the company apart from ordinary investment funds. A key principle of their success is avoiding reliance on chance.
The founders drew the right conclusions from their early entrepreneurial failures and decided to minimize the role of luck in business. Instead, they implemented a management system based on precise accounting and data analysis.
Every decision—whether setting service prices or adding new technical capabilities—is made based on complex experiments and analysis. Moreover, the company is among the pioneers in adopting artificial intelligence technologies.
They began applying intelligent systems to their products long before this trend became widespread. Using AI to update software has accelerated development several times over, further increasing the company's appeal to investors.
Although sharp measures such as staff reductions and price increases have sparked debate among users, financial stability and customer loyalty confirm the correctness of this path. Today, Bending Spoons is not only one of the largest technology operators in Europe but also on a global scale.
Their one-time success demonstrates that traditional internet services can be elevated to a new level through modern technologies. This experience will undoubtedly serve as a unique example for Uzbek entrepreneurs and startup founders.
