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Vimeo, the video-hosting platform, is laying off some of its global staff, according to a report from Business Insider. The move comes shortly after the company’s acquisition by the Italian tech conglomerate Bending Spoons, which purchased it in an all-cash deal last year for $1.38 billion. Bending Spoons confirmed the layoffs to BI but wouldn’t…
Nalden, who co-founded the file transfer service WeTransfer in 2009 along with Rinke Visser and Bas Beerens, is not pleased with the company’s direction after the service was acquired by Bending Spoon last year — and he doesn’t mince his words about it. “Bending Spoons doesn’t really care about people, and even though I get…
Bending Spoons’ four cofounders this week joined the billionaire ranks. CEO Luca Ferrari’s stake in the Milan-based tech conglomerate is now reportedly worth $1.4 billion, while cofounders Matteo Danieli, Luca Querella, and Francesco Patarnello each hold stakes worth $1.3 billion, according to Forbes estimates based on shareholder data published by the Italian Business Register. The…
File transfer service WeTransfer is now limiting users to 10 transfers per month with its free plan. The company is already applying the new limit to users, as per a support page. At the same time, WeTransfer is adding some perks to the free plan, including increasing the overall file transfer limit from 2GB to…
Brightcove, a cloud platform that helps businesses manage and monetize video content, is being taken private by Italian technology company Bending Spoons in an all-cash deal valued at $233 million. The transaction prices Brightcove at $4.45 per share, translating to a 90% premium on its 60-day average. Founded in 2004, Brightcove develops tools and services…
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again proved that the startup world isn’t homogeneous when it comes to risk-taking. Let’s have a look. Most interesting startup stories from the week…