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Evening links — October 13, 2026

by LizDiscuss

Character.AI has filed for Chapter 11 and may shut down without a buyer—a reminder that keeping people chatting also keeps the AI bill running. [Ivan Mehta]

Bending Spoons’ acquisition machine keeps producing pink slips: it says a “large part” of Airtable’s team is being laid off a month after the purchase. [Emma Roth]

Luxury brands raised prices until some of their aspirational customers could only aspire; HSBC now expects sector organic sales growth below 3% in Q3, down from 7% the quarter before. [Daphne Howland]

David Solomon says he’s “really enjoying the job” and denies that a Goldman Sachs succession transition or timeline is underway, despite reports naming John Waldron as his likely replacement. [CNBC]

Filed underAirtableBending SpoonsCharacter.AIDavid SolomonGoldman SachsHSBCJohn Waldron
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Morning links — October 2, 2026

by LizDiscuss

California says Lyft will pay $272.5M to resolve driver-pay claims <California Labor Commissioner>
The state calls it its largest wage-and-hour settlement; 87% is slated to go directly to drivers over alleged 2016–20 violations, before Proposition 22 changed the rules.

Reddit is closing the free pipes to its data <TechCrunch>
RSS ends November 13 and public API access in March 2027; meanwhile, Reddit’s “other revenue” rose 24% to $43 million as licensing grows—leaving moderators, researchers and third-party tools to find another route in.

Bending Spoons’ acquisition machine lifted revenue to $1.31 billion <Euronews Next>
Most of the company’s revenue jump since 2023 came from acquisitions, while subscriptions supplied 84% of first-quarter sales; the roll-up still has to keep users through post-deal changes.

Filed underBending SpoonsLyftReddit
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Layoffs · Mergers and Acquisitions

Days after laying off 10%, Vimeo acquired for $1.38 billion

by LewDiscuss

Just one week after CEO Philip Moyer took to Linkedin to spin the company’s decision to axe 10% of its workforce, Vimeo is being sold off. The struggling video platform is getting scooped up by European app developer Bending Spoons in an all-cash deal valued at $1.38 billion.

On paper, the acquisition looks rich: a 70% premium to Vimeo’s battered stock price. But investors who bought into the hype at its 2021 IPO won’t be celebrating. Even with today’s 60% pop, shares are still down nearly 85% from their debut.

For laid-off employees and long-suffering shareholders, the sale feels less like a comeback story and more like the last gasp of a once-hyped platform that never lived up to its promise.

In its article about the acquisition, TechCrunch points out why Vimeo employees shouldn’t be popping champagne for their salvation. Bending Spoons’ playbook is simple—buy broken companies (see: Evernote, WeTransfer) and then slash jobs and features until there’s nothing left but a logo.

Filed underBending SpoonsVimeo
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