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International Business Times UK
International Business Times UK
Business
Christian Nogot Puno

HISTORICAL FACTS: How bending spoons turned four co founders into billionaires by buying apps you already pay for - The Untold Story

Bending Spoons Luca Ferrari AOL Vimeo Evernote WeTransfer IPO
Bending Spoons staff cheer the Nasdaq debut as workers at acquired firms face cuts. (Credit: bendingspoons / Instagram)

Bending Spoons, the Milan company that owns AOL, Vimeo, Evernote, and WeTransfer, went public on the Nasdaq on 1 July 2026, and the debut left co-founder and chief executive Luca Ferrari worth about $2.4B (£1.8B) on paper, according to Forbes' calculation tied to the listing.

If you pay a monthly subscription to any app in his portfolio, that fortune was built in part on a formula you may have already felt: buy a loved product, cut most of the staff, and put the price up.

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