Technology

59605 readers

4225 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

220

Raspberry Pi is planning a London IPO, but its CEO expects “no change” in focus (arstechnica.com)

submitted 9 months ago by ptz@dubvee.org to c/technology@lemmy.world

82 comments fedilink hide all child comments

The business arm of Raspberry Pi is preparing to make an initial public offering (IPO) in London. CEO Eben Upton tells Ars that should the IPO happen, it will let Raspberry Pi's not-for-profit side expand by "at least a factor of 2X." And while it's "an understandable thing" that Raspberry Pi enthusiasts could be concerned, "while I'm involved in running the thing, I don't expect people to see any change in how we do things."

you are viewing a single comment's thread
view the rest of the comments

[–] garretble@lemmy.world 175 points 9 months ago (14 children)

All I know is that basically every IPO I’ve seen has eventually made the product worse. I have no data to back this up, just feelings, but still. As soon as a company starts worrying about shareholders, corners start getting cut or prices start going up for no reason.

[–] dohpaz42@lemmy.world 31 points 9 months ago (6 children)

Google
Reddit

Those are the best two examples that come to my mind. Both were great until they IPO’d.

The problem, as I see it, with IPO’s is that the company becomes beholden to shareholders who care nothing for the product, and only for the profit. Quality and profit are fairly mutually exclusive these days.

[–] GissaMittJobb@lemmy.ml 4 points 9 months ago (1 children)

Google IPO'd back in 2004. Do you really consider that to be the pivotal point in Google's history?

Reddit hasn't even IPO'd yet.

[–] dohpaz42@lemmy.world 2 points 9 months ago

Going IPO does not immediately turn a company evil. That’s something that happens over time, because of being beholden to so many shareholders who only care about profit.

Reddit hasn’t even IPO’d yet.

Reddit has been making many user-detrimental changes in preparation for their IPO.

load more comments (4 replies)

load more comments (11 replies)