this post was submitted on 23 Aug 2023
358 points (98.4% liked)
Technology
57432 readers
3273 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Makes sense. Now they can focus more on their core business. Google recently sold it’s domain registry, I think it might be the same thing.
I think it’s fair to look at IBM with a more cynical eye. Historically it’s been “acquire, way you’ll make no changes, wait a bit, make changes that piss off 80% of your customer base.” Somewhere in there is a “reduce customer service effectiveness” step that is distinct from “make changes.”
After that it’s either “sell it off to the highest bidder” or “keep at it because who else are the customers gonna use?”
It's a bummer that Google sold it's registry to ~~GoDaddy~~Squarespace.
EDIT: seems like I remember it incorrectly
They sold it to Squarespace.
I hear this a lot, but every company I've been a part of that did it seemed to be a bad idea. If a division makes money, the only reason to sell is because you believe the investment in that division can be used to make more money (for less). Getting rid of a profitable entity is usually greed based.
It's corporate-speak that means nothing. The same company "focused on it's core business" today will buy something unrelated sometime later and say it's "poised for growth in a growing market".