Tiny

Bending Spoons IPO Surges 40% on Market Debut

Bending Spoons, a 13-year-old Milan-based company that acquires and revitalizes once-popular tech brands, saw its shares jump nearly 40% on their first trading day, closing at $40.50 vs. a $29 IPO price. The listing values the firm at about $25.7 billion — more than double its last private valuation of $11 billion — after raising $1.68 billion. Disclosed financials show a rapid turnaround: Q1 revenue of $601 million and $27.4 million net income, versus a year-ago $112 million net loss on $259 million revenue. The company generates the majority of revenue from subscriptions (84% last year) and holds well-known assets such as AOL, Eventbrite, Evernote, Meetup and Vimeo. Major outside shareholders before the IPO included Baillie Gifford and several institutional investors.

Letterboxd Reportedly Seeking New Owner

Letterboxd, a popular social platform for film fans founded in 2011, is reportedly being shopped for a new owner after its controlling investor indicated an intention to cash out. Canadian holding company Tiny, which owns roughly 60% of Letterboxd, is said to be courting potential buyers including Versant (parent of CNBC and MS NOW) and The Ankler, according to Semafor. Tiny acquired a majority stake in Letterboxd in 2023 at a valuation of over $50 million. Letterboxd’s user base has grown dramatically in recent years — to about 26 million users in 2026 from 1.7 million in 2020 — and it has drawn interest from movie studios and industry partners. TechCrunch reports that Letterboxd and Tiny did not immediately comment and that it is unclear whether any deal is near.

‘Declaration Fraud’ Tricks Ad Buyers By Swapping Full-Screen Video Ads For Tiny Ones

The article details declaration fraud, a programmatic video advertising issue where buyers pay for full-screen mobile video ads but receive much smaller creatives, undermining inventory transparency. It notes advertisers GEICO, Mazda, AT&T, Accenture, and Spectrum reported tiny ads despite bidding on full-screen video. Observations included bid requests for 640x480 or 640x360 that delivered as 300x250 in-stream or corner placements on sites such as CBS Interactive's CNET and Mediavine or SHE Media. Publishers attributed the discrepancies to a mix of deliberate size inflation and technical hiccups; Mediavine updated its Prebid version to address the problem, while SHE Media cited hiccups and CBS Interactive did not comment. Industry responses involve detection and validation efforts from Google, Integral Ad Science, Moat, and Horizon, plus pre-bid and post-bid controls from The Trade Desk, all stressing the need to verify that served inventory matches what was purchased and to improve transparency.