Not for or against this btw but this is Bending Spoons, an Italian P/E firm that acts like a startup They raise a lot of money to acquire stagnant or failed startups Then they fire everyone, replace them with cheap labor (costs go down), and increase the prices (revenue goes up) while improving or simplifying the product They're the ones who acquired Evernote too "Bending Spoons implement a classic software investment strategy by acquiring an underperforming software business and combining aggressive financial strategies with technological innovation Many of the companies that Bending Spoons acquires are based in Silicon Valley, which has labor costs that are significantly higher than in Italy, where Bending Spoons is based. By getting rid of the expensive US employees and moving the team to Italy they are able to reduce expenses and take advantage of their shared services. They substantially raise subscription prices to maximize revenue from dedicated users. Many customers churn, but the profits increase substantially."