The stock market is showing warning signs similar to the dot-com bubble, with the Shiller CAPE ratio above 40 and the Buffett indicator at 237%, driven largely by artificial intelligence stocks that now comprise 40% of the S&P 500. However, historical analysis suggests markets can continue rising even after such warnings, though a significant crash could be more severe than the dot-com era given market concentration.
Bending Spoons agreed to acquire Miro for $1.355 billion in an all-cash transaction, with certain Miro shareholders investing $295 million of their proceeds back into Bending Spoons equity. Miro, which serves over 250,000 organizations and generates around $600 million in annual recurring revenue, will operate independently until the deal closes in Q4 2026, subject to regulatory approvals.