Get personalized, AI-powered answers built on 27+ years of trusted expertise. Bending Spoons shares are rocketing higher on a show of support from Berkshire Hathaway. Shares of Bending Spoons (BSP) were up more than 40% in recent trading, after the Italian owner of AOL and Vimeo announced that Berkshire Hathaway (BRK.B) has increased its stake in the company to 4%. Berkshire invested a further $330 million in Bending Spoons after previously having invested $600 million at the latter's initial public offering. Bending Spoons said it would issue 10 million shares at $33 each to Berkshire in a private placement. "We believe Berkshire Hathaway's investment reflects confidence in our team and Platform and will further enhance our financial flexibility and ability to pursue attractive acquisitions as part of our broader financing strategy," Bending Spoons co-founder and Head of Business Acquisitions Francesco Patarnello said in a release. Shares of Bending Spoons entered the day down about 6.5% since their July 1 Nasdaq debut, when they closed at $40.50. They now are trading around $54.