42
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 15 Jun 2023
42 points (100.0% liked)
Technology
37603 readers
493 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
It happens all the time. Bigger companies often decide that one of their products is not profitable enough or doesn't fit their overall strategy and then the options are to either close the service (which is what Google is famous for), spin it off as a new business if it's profitable enough, or try to see if someone is willing to buy that business unit (which is what happened to most of IBM for example).