Greg Abel Just Spent $330 Million on This Tech Stock. Here's What It Means for Investors.
It's probably not a name Warren Buffett would have chosen. But Buffett certainly wouldn't disapprove.
In July 2025, Berkshire Hathaway's CEO Greg Abel increased the company's stake in tech investment firm Bending Spoons by adding $330 million in idle cash. This marked a shift from Warren Buffett's previous stance against high-risk, high-priced technology stocks. Bending Spoons, a $30 billion company, owns digital platforms such as Eventbrite, Evernote, Vimeo, and AOL.
Since acquiring Evernote in 2023, Bending Spoons has added over 200 features and doubled AI-powered photo-editing app Remini's users. With over 1 billion registered users and profitable growth, Bending Spoons is attracting significant attention from investors. Abel's decision reflects Berkshire Hathaway's growing focus on technology investments, despite the increased risk.
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