Bending Spoons is buying up the internet. Can its business model last?

Bending Spoons has already acquired some of the internet’s most recognizable software brands. And it has identified more than 1,000 others it could potentially acquire. The Milan-based company, whose portfolio includes Evernote, WeTransfer, Vimeo, AOL, and Eventbrite, disclosed the figure in its IPO prospectus. Together, those potential targets generated nearly $400 billion in estimated revenue in 2025. Bending Spoons has hardly slowed down since its stock market debut in July. It has comp...