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International Business Times UK

Christian Nogot Puno

How Bending Spoons Turned Four Co-Founders Into Billionaires by Buying Apps You Already Pay For

Bending Spoons 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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