> Italian app developer Bending Spoons has raised more than 340 million euros ($327 million) from investors including Hollywood actor Ryan Reynolds and Kerry Trainor, the former CEO of video streaming platform Vimeo.
> Bending Spoons, whose apps include popular video editing tool Splice and Remini, an image editor based on artificial intelligence technology, said the money could be used for acquisitions.
> A source close to the company said former Google Executive Chairman and CEO Eric Schmidt was among the investors. Other backers included Italian banks Intesa Sanpaolo and Banco BPM.
The issue is that people are at least somewhat "locked in" to whatever apps they're already using, so sudden major price increases are a bit extortionate: Either you pay us a bunch of money, or lose access to your data/workflow.
Prior to acquisition, one could reasonably expect Evernote not to announce sudden, shocking price changes, because they were trying to build a long-term brand. Now, suddenly, that's not the case.
This is made worse when the app doesn't do a good job of letting you export your data in the first place.
> Italian app developer Bending Spoons has raised more than 340 million euros ($327 million) from investors including Hollywood actor Ryan Reynolds and Kerry Trainor, the former CEO of video streaming platform Vimeo.
> Bending Spoons, whose apps include popular video editing tool Splice and Remini, an image editor based on artificial intelligence technology, said the money could be used for acquisitions.
> A source close to the company said former Google Executive Chairman and CEO Eric Schmidt was among the investors. Other backers included Italian banks Intesa Sanpaolo and Banco BPM.