Berkshire Hathaway Takes a Rare Stake in Tech Firm Bending Spoons

The deal involves Berkshire purchasing 10 million shares at $33 each, a 13% discount to the market price prior to the announcement. Bending Spoons, which functions as a serial acquirer of digital businesses like Evernote and Vimeo, has gained notoriety for its aggressive optimization tactics. CEO Luca Ferrari’s approach often involves drastic staff reductions—as seen with Evernote’s workforce shrinking from 350 to roughly 20—coupled with rapid product overhauls driven by artificial intelligence.

Historically, Berkshire has avoided the tech sector, preferring companies with predictable outlooks and lower valuations. Investing at a multiple exceeding 100 times last year’s earnings per share represents a departure from Buffett’s traditional margin-of-safety philosophy. However, the firms share a common structural DNA: both operate as decentralized conglomerates that hold businesses for the long term rather than flipping them for quick profit. Ferrari has openly emulated the Berkshire model, emphasizing a culture of ownership and deep curiosity that mirrors the legacy of Buffett and his late partner, Charlie Munger.

Whether this allocation was orchestrated by new CEO Greg Abel or investment manager Ted Weschler remains unclear, as Berkshire has maintained silence on the move. While the investment is a drop in the bucket for a company holding a $365 billion cash pile, it provides a compelling case study on how Berkshire’s investment committee may be evolving. By backing a company that aggressively transforms digital assets, the conglomerate is exploring a modern growth path that contrasts sharply with its classic industrial portfolio.