Bending Spoons defies SaaS slump, surges 40% on first day of trading

According to TechCrunch, Bending Spoons surged forty percent on its first day of trading. The company buys aging tech platforms—AOL, Eventbrite, Evernote, Meetup, and Vimeo among them—and revamps them with new product strategy and stronger operations. The strong debut defies the wider SaaS market slump, suggesting investors believe the company can extract real value from digital properties that lost their momentum.

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