this post was submitted on 11 Feb 2024
332 points (98.0% liked)

Technology

59569 readers
4136 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
 

All skiff users have received a mail in this regard and Skiff has also tweeted about the same.

you are viewing a single comment's thread
view the rest of the comments
[โ€“] TheImpressiveX@lemmy.ml 21 points 9 months ago (1 children)

I've seen this happen far too many times.

Acquired/Acqui-hired

Examples: GeoCities, Posterous, Brace.io, Roon, Viddy, Qwiki, Yahoo! Voices, Blip.tv, Giphy

Situation: Company A buys Company B, employees and all. Together, they will continue their incredible journey to make the world a better place. A few months/years/seconds later, Company B is dead and its employees are either laid off or reassigned to Company A projects.

https://wiki.archiveteam.org/index.php/A_Million_Ways_to_Die_on_the_Web

http://ourincrediblejourney.tumblr.com/

[โ€“] nutsack@lemmy.world 11 points 9 months ago* (last edited 9 months ago)

I've worked at companies like this. Company B might actually be turning a good profit and benefiting millions of users in a charitable space, but it would look bad on the books to sell it, and it lowers the value of the company overall to keep it.

Belligerent toilet capitalism.