The tech industry’s layoffs and hiring freezes: all of the news
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After buying more than 50 companies, Bending Spoons prepares for an IPO.
If you’ve ever wondered what the hell is going on with Bending Spoons’ “buy, do layoffs, ????” strategy, perhaps the statement it filed Monday with the SEC for a public listing will explain.
Named for the scene in The Matrix, it’s pulled this move with brands including AOL, Vimeo, Meetup, Evernote, Eventbrite, Brightcove, WeTransfer, Filmic, and many others, hoovering up and leveraging their accumulated 500 million users, data, and 9 million monthly paying subscribers to raise more money for more acquisitions.
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