this post was submitted on 28 Oct 2024
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Has anything good EVER come from big company acquisitions AT ALL?
Geocities -> acquired by Yahoo -> crap -> death
Youtube -> acquired by Google -> ad crap
Blogger -> acquired by Google -> crap
Macromedia -> acquired by Adobe -> Monopoly crap
Washington Post -> acquired by Bezos -> political crap
MySQL -> Acquired by Oracle -> copyright crap
Github -> acquired by Microsoft -> crap
Reddit -> acquired by Conde Nast -> political crap
Twitter -> acquired by Musk -> utter crap
Every single time I see a cool startup get bought by a big player, all I can see is the service going to shit.
Crunchyroll's (then Funimation) acquisition of Animelab is what led me to stop paying to stream anime.
Lower quality videos. Harder to navigate. Distracting watermarks on the side of the screen. Blocking VPNs. Ads even though you already pay them.
I hate that there is so little effort put into preventing monopolies from buying out the competition
Idk if it's appropriate to mention this:
Opera --> acquired by kunlun --> marketing lies and became a trash browser
Just went down the rabbit-hole of the acquisition of MySQL as I was bored. What a fascinating story.
Dude who originally made it in 1995, Michael Widenius, named it after his daughter My, hence MySQL. He sold it to Sun for $1 billion in 2008. He then turned around, forked the software, and produced MariaDB (I always wondered why it was named that) starting a new organization around it in 2009. It's functionally nearly identical, often able to be used as a drop in replacement, assuming you aren't using new features developed after the fork. Last month, he sold it again, the same fucking base software, to some private equity firm (yay...). What a guy.
Unfortunately, he's run out of daughters to name software after and already used his son's name for something else, so we might be at the end of open-source, community-driven DB solutions from Michael. To be fair, relying on any projects from him to be free and open indefinitely is apparently not a good idea anyway.
MySpace -> acquired by News Corporation -> insta death
Also, Twitter was always crap.
So true cancel culture,drama,toxicity,etc
Well yes. That's the point. Cut costs (slash staff, quality, etc) then make as much money as you can as fast as you can off the goodwill and fan loyalty built up by the original product/service.
Vulture Capital doing what it does. Make everything shittier AND more expensive.
I was just thinking today that any time i hear about a new company ill ask “are they publicly traded or planning to be?” I feel like thatll save a lot of time
Blogger is no longer supported and is suffering greatly people are leaving it in droves. You might as well call it dead
Holden being acquired by General Motors was okay for a while. Then it died, because they couldn't be stuffed with the Australian market, or the local car industry at the time (and in doing so, likely kicked off its demise).
Roster Teeth and Wizards of the Coast. Those turned out just cycling great.
Roster Teeth was in charge of their own demise.