this post was submitted on 06 Jul 2026
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Bending Spoons bought Vimeo, Evernote, and AOL instead of chasing AI, it just had a $25.7 billion IPO (www.techspot.com)
submitted 19 hours ago by Diplomjodler3@lemmy.world to c/technology@lemmy.world
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Enshittification as a service. How wonderful.

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[–] Diplomjodler3@lemmy.world 7 points 18 hours ago

I agree that the article is pretty low quality, but is the only one I came across. And it didn't say they're not using AI, it just says they're not trying to compete in the current AI arms race. Bending Spoons' entire business model is enshittification, which is why I find the valuation pretty remarkable.