Bending Spoons Buys Airtable, OpenAI Hits Back at Apple, Spider-Man Ads in BMWs | Diet TBPN
Speakers
John Coogan
— Co-Host, TBPN
Jordi Hays
— Co-Host, TBPN
Summary
The hosts discussed Bending Spoons' acquisition of Airtable at a discounted valuation as a sign of SaaS multiple compression. They covered Snap's strong Q2 earnings and subscription growth, the OpenAI-Apple legal fight, BMW's controversial Spider-Man in-car promotion, and Sony's record Spider-Man box office. The episode closed with SpaceX's Nvidia partnership and segment earnings beats.
- Airtable sold to Bending Spoons for $1.285B enterprise value, far below its $11.7B peak valuation.
- Single-point SaaS products face lower multiples, but Bending Spoons acts as a value buyer.
- Snap posted a Q2 beat with revenue up 19%, operating leverage, and 85% subscription growth.
- OpenAI disputed Apple's lawsuit, claiming Apple confused people and requested file access.
- BMW owners reacted to an optional Spider-Man startup banner, with hosts criticizing brand impact.
- Sony's Spider-Man: Brand New Day posted the second-biggest debut ever at $932M.
- SpaceX announced an Nvidia partnership for orbital AI and beat segment revenue expectations.
Ideas
Snap's Q2 beat shows operating leverage.
Snap reported a clear Q2 beat with revenue up 19% YoY and profitability/cash generation rising faster than costs. Advertising revenue grew 9% to roughly $1.3 billion, while subscriptions and paid services reached $316 million in the quarter, up 85%, making a high-margin billion-dollar run-rate business. The ad recommendation system is improving monetization through AI, and revenue is accelerating even though North America and Europe usage declined.
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This TBPN video, published August 05, 2026, features John Coogan discussing SNAP. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: John Coogan · Tickers: SNAP