In mid-October, Berkshire Hathaway under CEO Greg Abel put another $330 million of idle cash into Bending Spoons (BSP), adding to the roughly $600 million stake it bought in the company's IPO earlier this year. Bending Spoons, a $30 billion company, owns digital brands including Eventbrite, Evernote, Vimeo, AOL and Remini, with over 1 billion registered users and over 400 million monthly users. Its long-term debt rose from nearly $2.3 billion in mid-2025 to nearly $4.1 billion by June 2026, and the Berkshire share sale was a dilutive private placement of newly issued stock. Second-quarter revenue reached $704 million, up 126% year over year, with per-share earnings of $0.28 versus $0.11 a year earlier and adjusted earnings of $0.46 versus $0.17. Analysts expect 47% revenue growth next year, and the article argues the investment shows Abel's Berkshire is willing to seek technology opportunities despite taking on more risk.
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Berkshire HathawayBending SpoonsIPOtech stocksearnings
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NVDA
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Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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