this post was submitted on 23 Aug 2023
338 points (98.3% liked)

Technology

59381 readers
2551 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
 

IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 6 points 1 year ago* (last edited 1 year ago) (5 children)

Makes sense. Now they can focus more on their core business. Google recently sold it’s domain registry, I think it might be the same thing.

[–] [email protected] 9 points 1 year ago

I think it’s fair to look at IBM with a more cynical eye. Historically it’s been “acquire, way you’ll make no changes, wait a bit, make changes that piss off 80% of your customer base.” Somewhere in there is a “reduce customer service effectiveness” step that is distinct from “make changes.”

After that it’s either “sell it off to the highest bidder” or “keep at it because who else are the customers gonna use?”

load more comments (4 replies)