One of the things that excites me about tracking special situations activity across events like mergers & acquisitions, management changes, insider buying and more, is the patterns or themes that start to emerge within an industry or sector.
The connection between Scott Belsky's insider buys at Atlassian and his Adobe background is interesting. You're basically calling him a sleeper agent for potential consolidation moves. If Bending Spoons keeps burning cash on these fading productivity brands, they'll need real product vision or they're just building a graveyard. Asana losing its entire C-suite while the stock bleeds out screams distressed sale, not turnaround. The AI-native threat you mentioned is real but overblown for now since most startups can't crack enterprise distribution.
Bending Spoons' AOL purchase and subsequent issuance of $2.8 billon in debt was shocking. Not sure what the grand plan is but they are clearly building a large audience/user base. Agreed on enterprise distribution/sales.
The connection between Scott Belsky's insider buys at Atlassian and his Adobe background is interesting. You're basically calling him a sleeper agent for potential consolidation moves. If Bending Spoons keeps burning cash on these fading productivity brands, they'll need real product vision or they're just building a graveyard. Asana losing its entire C-suite while the stock bleeds out screams distressed sale, not turnaround. The AI-native threat you mentioned is real but overblown for now since most startups can't crack enterprise distribution.
Bending Spoons' AOL purchase and subsequent issuance of $2.8 billon in debt was shocking. Not sure what the grand plan is but they are clearly building a large audience/user base. Agreed on enterprise distribution/sales.
Really enjoyed this format Asif !
Thank you for reading!