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by plorkyeran
399 days ago
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If you don't use Pocket then the acquisition was bad because they spent a bunch of money buying an unrelated company to add a feature you don't want. If you do use Pocket then the acquisition was bad because you don't want to be relying on a weird side project of a company because they'll do a terrible job of maintaining it and it'll inevitably get shut down. |
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While fiddling (and paying their execs $$$) as the only useful thing they do -- firefox -- crashed and burned into irrelevance. Leaving the company useful only as an ersatz chrome hypothetical competitor to keep the feds / EU at bay. Great for the overpaid people running it; less good for anyone in our industry.
Exec pay: up and to the right.
Marketshare: way down and to the right.
Don't worry guys -- now they're playing VC and AI, at which they're sure to be as good as they were at running Firefox. Though I guess since you could say their only successful product was anti-trust insurance sold to Google, that's at least in the finance space, so in some way related to being a vc...