this post was submitted on 24 Apr 2024
354 points (96.1% liked)
Technology
59656 readers
4115 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Money talks.
When the owners of a private company are offered millions more than they'll likely make over the nest ten years, the odds of selling are very high.
Look at all the software devs that gets bought.
There's also few but existing examples of people that resist the selling urge, like the VLC dev
The story is literally about a funding round for Framework. Those investors don't just give away the money. They buy a stake in the company.
Yes, the exception. That simply supports my argument.
And we're talking about stuff we see. Again, I bet you'd never heard of FolderShare or UbiBoot before I mentioned them here, and those are just 2 tools of many that I've lost to acquisitions over the years.
How many other tools/products have companies quietly acquired and killed that we don't know about?
VLC
Exceptions are possible. Money isn't everything for everyone.
Exceptions are possible.
And being exceptions proves the norm.
I've seriously lost countless tools because MS acquired them and shut them down. Thousands of dollars gone.
I'm not holding my breath.