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by TheRealPomax
651 days ago
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IBM acquired Red Hat in 2019, at which point their revenue had been stuck at "why isn't our revenue going back up?" for eight years straight, in the hopes that controlling Red Hat would let them squeeze dollars out of it by making it a premium offering to multinationals and governments. Looking at their revenue since, there's a small trend upward, so was there a reason? Unfortunately, yes. Did it work out? Way harder to say but IBM themselves would probably say yes to that one, too. |
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