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by dmix
2487 days ago
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It takes most startups years to really perfect an idea. But that’s not really the problem here, they bought it as a proven idea and said it was successful and being used. it seems they just don’t see it as a business that boosts their bottom line enough when they could be using the same talent elsewhere in the firm. Opportunity costs etc. Maybe they don’t like being #5 best product in the category or something. The constant churn of companies getting acquired by Google continually justifies the anger on HN after a Google acquisition of their favourite products IMO, there’s a high probability they’ll shut it down even when Google claims they want to continue the business and even if it’s successful by a lot of other business’s standards. $380 million they paid is no acquihire. |
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So, they're just shovelling the money into a furnace? Or perhaps you just mean that Google buying the company a member of the board founded isn't arms-length enough to justify the term, and this falls into some form of theft or bribery?