npub1a4cfqcj5cq9qauuzz33rqq63kudnu6k7x4fe4xep93s7lu5hgk3szqt2kf (npub1a4c…t2kf) I guess you might consider acquisitions of mature-but-declining small tech brands (Digg, Instapaper) by Betaworks to be sort of that. The flipped Instapaper (resold to Pinterest 3 years after acquisition) and flipped the Digg brand (resold to BuySellAds 6 years after acquisition).
The amounts of money we're talking about are quite small, though. For larger, public tech companies, it might be that tech equity often trades as such a high price to earnings as to make such buyouts generally too expensive to be worth it (as shown with Twitter, I think--a company that successfully convinced investors to pay for something like a billion dollars in losses over its publicly traded lifetime, and which Musk probably has made operationally significantly cheaper, but which is still probably going to lose Musk a ton of money).
dm /
npub12v…09f8n
2023-09-25 07:15:10
in reply to nevent1q…ax6r
Author Public Key
npub12v8nvt5qt60jwfvdpdhn6cxesgy3r8890zsfxtapnmvq9r40ntesq09f8nPublished at
2023-09-25 07:15:10Event JSON
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"content": "nostr:npub1a4cfqcj5cq9qauuzz33rqq63kudnu6k7x4fe4xep93s7lu5hgk3szqt2kf I guess you might consider acquisitions of mature-but-declining small tech brands (Digg, Instapaper) by Betaworks to be sort of that. The flipped Instapaper (resold to Pinterest 3 years after acquisition) and flipped the Digg brand (resold to BuySellAds 6 years after acquisition). \n\nThe amounts of money we're talking about are quite small, though. For larger, public tech companies, it might be that tech equity often trades as such a high price to earnings as to make such buyouts generally too expensive to be worth it (as shown with Twitter, I think--a company that successfully convinced investors to pay for something like a billion dollars in losses over its publicly traded lifetime, and which Musk probably has made operationally significantly cheaper, but which is still probably going to lose Musk a ton of money).",
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