Berkshire Hathaway

Bending Spoons, an Italian holding company, acquires struggling software firms like Airtable and Miro at steep discounts, leveraging Berkshire Hathaway’s $900M+ investment. The company, inspired by Berkshire’s long-term strategy, prioritizes operational efficiency and profitability over resale, unlike traditional private equity. Recent layoffs at acquired firms reflect its cost-cutting approach amid the AI-driven 'SaaSpocalypse,' where legacy software faces declining valuations. Revenue surged to $700M in Q2 2026, driven by acquisitions, though long-term customer retention remains critical as AI reshapes the sector.

Oct 2026 · CNBC TechNews article

CNBC's Morning Squawk reports on an AI-related market sell-off, Netflix layoffs and persistent inflation. CoreWeave shares drop more than 15% as investors worry about borrowing to fund AI expansion, while Netflix plans to cut about 1,000 jobs, or 6% of its workforce. The newsletter also notes hotter-than-expected annual CPI, elevated diesel prices and questions about the risks of mortgages and student loans labeled “good debt.”

Oct 2026 · CNBC TechNews article

Bending Spoons shares climb 35% after a securities filing reveals a new $330 million investment from Berkshire Hathaway. The deal gives Berkshire 10 million ordinary shares at $33 each, following its $600 million investment in July when Bending Spoons went public on Nasdaq. The filing puts Berkshire’s stake at 4%, while co-founder Francesco Patarnello says the investment strengthens the company’s ability to pursue acquisitions.

Oct 2026 · CNBC TechNews article

Berkshire Hathaway adds $330M to its investment in Bending Spoons, bringing its stake to 4% after investing $600M during the company’s July IPO. Shares in the conglomerate, which owns AOL and Vimeo, jump more than 50% following the expanded investment by the Nebraska asset manager.

Oct 2026 · Financial TimesNews article