"Today we're laying off a large part of the Airtable team "
twitter.com
twitter.com
Airtable hides a recap in plain sight - https://news.ycombinator.com/item?id=49173507 - August 2026 (0 comments)
Bending Spoons buying Airtable for $2.2B - https://news.ycombinator.com/item?id=49168838 - August 2026 (4 comments)
Bending Spoons makes first post-IPO acquisition with $1.3B Airtable deal - https://news.ycombinator.com/item?id=49166182 - August 2026 (118 comments)
Proceeds to do private equity things.
Shame that they never really did anything with their billions in funding. Interfaces were underwhelming, and I would've been embarrassed to release Omni to the public quite frankly.
The writing's been on the wall for a while. I practically rebuilt and improved it for myself using Claude and won't be looking back.
Edit: I think Federico Simionato is particularly bad at product design.
Spent a half hour picking Joplin, configuring OneDrive as the sync DB and finding and running a backup script that let me dump and reload a decade of notebooks.
Then I went to finally cancel the beautiful app they destroyed with greed, only to see that the previous tier of pricing was still available. They just decided to "upgrade" me, for profit.
Then after cancelling, they offered me a 40% discount to stay. Lol.
This private equity playbook looks great for a few years, then the ship takes on too much water and the company is worth 0 after burning through all the goodwill and inertia available. Good riddance.
Like if we jack up mortgage rates to 100% housing prices would drop massively right? Okay at some point mortgages weren’t widespread and now they are, therefore a large percent of the increase in housing costs comes from mortgages enabling the bidding up of housing and land by pulling future earnings into the present. The effect on land is zero sum, and while the effect on the structure is positive sum to a degree (it’s a big contributor to housing getting bigger than it used to be and bigger than it needs to be), the overall effect is negative and so we would be vastly better off banning the practice. Of course that will never happen, but I find it curious that it isn’t even discussed.
> Like if we jack up mortgage rates to 100% housing prices would drop massively right?
No mortgages are going up because everyone wants to be a "seller" and get a commission from selling houses or mortgages. Just selling something doesnt produce value, its just a tax.
In my country (AU) when i was a kid there was a single government owned electricity and gas company. Todays there are dozens, but they all sell the same "power" and "gas" from the same number of power stations. The business cost of executives, managers, offices, advertising all went up by 20x, all too sell the "same".
This is why those two utilities went up, doesnt take a genius to figure out that if there are MORE hands asking for their cut, the price can only go up.
Housing is the same, theres a limited supply of homes everywhere, because almost NOBODY wants to live far away from the center of the city. The entire housing business is about people buying and selling or renting between themselves and the public. That doesnt add supply it doesnt create new value. Its just a lot of people taking a cut.