Bending Spoons just bought Airtable for $1.28B. It was worth $11B five years ago. Your vendor risk playbook just became obsolete.

Bending Spoons acquired Airtable for $1.285B in cash.

Peak valuation in 2021: $11 billion.

That is an 80% destruction of enterprise value in five years.

Here is what matters to you:

Airtable has $480M in ARR, growing 20% year-over-year.
80% of the Fortune 100 runs on it.
500,000 organizations depend on it for mission-critical workflows.

Bending Spoons' playbook is not subtle.
They bought Evernote. Gutted it.
They bought WeTransfer. Streamlined it.
They bought Eventbrite. Reorganized it.

Every acquisition follows the same pattern:
Deep staff cuts. Product rationalization. Margin extraction.

If your company runs critical operations on Airtable, you are now exposed to a parent company whose entire business model is cost optimization through headcount reduction.

Their own press release says it plainly:
"AI is often both a central component of the vision and a key tool in implementing the transformation."

Translation: expect automation to replace the people who currently maintain your workflows.

The AI SaaS bubble just popped.
Every vendor that raised at 2021 multiples is now a target.
Your vendor risk assessment just got significantly harder.

Audit your SaaS stack today. Identify every tool valued at peak-2021 multiples. Build contingency plans now. The acquisition wave is just starting.