The Billion Dollar Spreadsheet Shuffle Bending Spoons' $1. 28 billion acquisition of Airtable is a stark reminder that even in a crowded market, spreadsheet software can still command a king's ransom.
Beneath this eye catching figure lies a more intriguing story: one of valuation whiplash, strategic consolidation, and the ongoing quest for profitability in the SaaS industry.
Airtable's valuation has been slashed by nearly two thirds since its 2021 peak at $11 billion.