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ChrisArchitect 11 hours ago

4 months:

Bending Spoons acquires Vimeo for $1.38B https://news.ycombinator.com/item?id=45197302

bilekas 10 hours ago | parent | next [-]

This comment from e98cuenc seems extremely prescient.

> Everybody loves to hate BendingSpoon, but there is a lesson here. They consistently rewrite the code of their acquisitions with a tiny team, fire everybody and are able to maintain and improve the product. They basically skip everything but engineers, and they are kept at a minimum. Feedback from users is the products they take over 1) become more expensive, 2) they ship features waaaay faster. It looks like next generation private equity, and my guess is more houses will start copying them

Glawen 7 hours ago | parent | next [-]

I'm discovering Bending Sppon withn this thread, and I think they really got their business right. I hope they IPO soon

gulugawa 6 hours ago | parent | prev | next [-]

Considering what Bending Spoons did to Meetup.com after buying the site, I wouldn't trust them to improve a product. Here are some of the issues I noticed.

- Group searches consistently return irrelevant results across multiple cities. As a test, I tried searching for soccer groups in Dallas, Texas, and one of the results was for a backgammon group. Users will also often have a hard time finding events I host on Meetup. - An organizer being charged $357.98 per year to host a group on Meetup.com. - The pages for my Meetup events are full of clutter and duplicate data, while relevant information such as RSVPs is hidden. - My Meetup.com home page is full of pointless distractions, including a banner asking me to become an organizer when I already organize events. - When editing an event, Meetup shows an option to generate a description by using generative AI. Generative AI is a scam and I try to avoid it.

That being said, you are right that they are becoming more expensive and ship features faster. I describe Bending Spoons as Italian private equity.

dangoor 6 hours ago | parent [-]

As a heavy Meetup user, I can say that Bending Spoons absolutely fixed some glaring, long-standing bugs. But their massive price increases have really driven people away, and some of their attempts to grab more money (Meetup+) really rankled a lot of people. Also, search still sucks.

red-iron-pine 6 hours ago | parent | prev | next [-]

Enshitification As A Service (EaaS)

altairprime 8 hours ago | parent | prev [-]

Honestly, I wish more businesses would do this. It turns out that grandiose dreams make grandiose staffing, but a lot of great business ideas would thrive and bloom if the gardeners would just prune them back more often.

corderop 5 hours ago | parent | prev [-]

Actually the acquisition was closed on November 24th, so it was just in 2 months