{"id":722,"date":"2026-07-02T09:41:28","date_gmt":"2026-07-02T09:41:28","guid":{"rendered":"https:\/\/longhaulmovingpros.com\/?p=722"},"modified":"2026-07-02T09:41:28","modified_gmt":"2026-07-02T09:41:28","slug":"aols-parent-company-just-ipod-no-its-not-1992","status":"publish","type":"post","link":"https:\/\/longhaulmovingpros.com\/?p=722","title":{"rendered":"AOL\u2019s Parent Company Just IPO\u2019d. No, It\u2019s Not 1992"},"content":{"rendered":"
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There\u2019s this Italian company called Bending Spoons that owns AOL. It just went public, and the stock went up 39% on its first day of trading. Closing at $40.50 instead of its $29 price at its IPO gives it a market cap of $25.7 billion\u2014more than twice its pre-IPO valuation of $11 billion.<\/p>\n

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Wow, things are going great for AOL\u2014oh, and Evernote, Meetup, Vimeo, and Eventbrite, which Bending Spoons also owns.<\/p>\n

Bending Spoons is an acquisitive company that likes brands that are\u2014as our President might say\u2014no longer hot,<\/i> but are arguably still good.<\/p>\n

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Never mind that AOL first became a public company in 1992, and once achieved a market cap of $200 billion.<\/p>\n

In other 1992 news, EchoStar, which owns Dish Network, which owns the husk of\u2014you guessed it\u2014Blockbuster Video, has seen its stock spike more than 600% in the past year.<\/p>\n

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I think we all know what to pop in the ol\u2019 VCR right about now:<\/p>\n