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Posted On: October 21st 2026, 01:15 pm
Berkshire Hathaway rarely touches software and almost never buys IPOs. It just put $930M into Bending Spoons.
You've probably never heard of the company. You've almost certainly used its apps: Evernote, WeTransfer, Vimeo, even AOL. It has bought over 50 tech companies.
The playbook looks like private equity. Find an app people love that has stopped growing. Buy it. Cut most of the staff. Raise prices.
Evernote, once used by 100 million people, went from $100 a year to $250. Users were furious. Most kept paying.
Across 50 apps, revenue more than tripled in two years to $1.3B. Last quarter, 25% of every dollar was pure profit. AI now writes about 90% of its code.
Here is the part that caught the attention of investors. Berkshire put $600M into the July IPO, then $330M more last week. The stock jumped about 40% that day.
The timing makes sense. Software stocks crashed this year on fears that AI can copy any app. Bending Spoons used the selloff to buy Airtable and Miro, two apps once worth almost $30B, for $4B in total. AI can copy code. It can't copy customers.
Unlike private equity, Bending Spoons never sells. Profit funds the next deal. That's Buffett's See's Candies playbook, applied to apps.
The risks are real too. Berkshire bought at around $30. The stock is at $46 and has only been public for three months. Raising prices on loyal users only works while they stay loyal.
Researchers found that copying Berkshire's picks even a month late beat the market by about 10% a year for 30 years. For any trader or long-term investor, this kind of trading signal is worth a closer look.
Comment SPOON and I'll send you Barebone's full analysis, including the biggest risks most investors miss and what's really driving its growth. Real investing insights, in seconds.
This content is for educational and informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
You've probably never heard of the company. You've almost certainly used its apps: Evernote, WeTransfer, Vimeo, even AOL. It has bought over 50 tech companies.
The playbook looks like private equity. Find an app people love that has stopped growing. Buy it. Cut most of the staff. Raise prices.
Evernote, once used by 100 million people, went from $100 a year to $250. Users were furious. Most kept paying.
Across 50 apps, revenue more than tripled in two years to $1.3B. Last quarter, 25% of every dollar was pure profit. AI now writes about 90% of its code.
Here is the part that caught the attention of investors. Berkshire put $600M into the July IPO, then $330M more last week. The stock jumped about 40% that day.
The timing makes sense. Software stocks crashed this year on fears that AI can copy any app. Bending Spoons used the selloff to buy Airtable and Miro, two apps once worth almost $30B, for $4B in total. AI can copy code. It can't copy customers.
Unlike private equity, Bending Spoons never sells. Profit funds the next deal. That's Buffett's See's Candies playbook, applied to apps.
The risks are real too. Berkshire bought at around $30. The stock is at $46 and has only been public for three months. Raising prices on loyal users only works while they stay loyal.
Researchers found that copying Berkshire's picks even a month late beat the market by about 10% a year for 30 years. For any trader or long-term investor, this kind of trading signal is worth a closer look.
Comment SPOON and I'll send you Barebone's full analysis, including the biggest risks most investors miss and what's really driving its growth. Real investing insights, in seconds.
This content is for educational and informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
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