“Why Warren Buffett’s Berkshire Hathaway Is Betting Nearly $1 Billion on Bending Spoons” — what this page in the network covers. Warren Buffett’s Berkshire Hathaway has long steered clear of technology investments, favoring steady, cash-generative businesses over fast-moving startups. But a new position worth nearly $1 billion in Bending Spoons, the Milan-based app developer, marks a notable shift. The company, known for acquiring and scaling mobile applications like Evernote and Remini, reported over $380 million in revenue last year, with a portfolio reaching 100 million monthly active users.
Berkshire’s stake underscores its confidence in Bending Spoons’ unusual model: buying mature apps, applying data-driven product improvements, and holding them for the long term—a philosophy that echoes Buffett’s own buy-and-hold ethos. For Berkshire, the investment signals a willingness to evolve its tech strategy while sticking to core principles of durable competitive advantage. The full version stays on the original page, which this listing opens directly.