Prosus’s Acquisition of Stack Overflow: Our Exciting Next Chapter:
https://stackoverflow.blog/2021/06/02/prosuss-acquires-stack...
Stack Overflow sold to Prosus for $1.8B
101–110 of 881 posts
Re: Stack Overflow sold to Prosus for $1.8B
#102Wow, I just wish there was some real competition from a site owned by some independent foundation.
Also, what is Jeff Atwood's and Joel Spolsky's net worth now?
Re: Stack Overflow sold to Prosus for $1.8B
#103Let's just hope there will be no "Pay to see the answer" thing happening like this one website experts exchange or whatever it was called.
They certainly have bought a lot of very useful "user-generated data", would be a shame if they restricted access to it now or in the future.
The user generated content is under a fairly liberal license so if they restricted access someone could just create a mirror.
Re: Stack Overflow sold to Prosus for $1.8B
#104A bit odd there’s no announcement on stack overflows site? There is just this meta question: https://meta.stackoverflow.com/questions/408138/what-will-ha... Has anyone seen anything?
This have come now https://stackoverflow.blog/2021/06/02/prosuss-acquires-stack...
Re: Stack Overflow sold to Prosus for $1.8B
#105Is there really so much money in SO to justify $1.8B? AFAIK they just run some some ads and show relevant job offers.
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Re: Stack Overflow sold to Prosus for $1.8B
#106This is absolutely phenomenal. Naspers/Prosus are some of the savviest and most forward-thinking players in tech investment — would you have been smart enough to give Tencent all that money, way back when? And remember, they were a bunch of nobodies based out of South Africa when that happened. This is much more interesting than a monopolist like Microsoft buying SO, and I’d be keen to see what the growth strategy is…
If I had access to their business network, data analysis, and knew in the end it wasn’t my money, society will just bail us out, sure why not make that choice?
You’re making it sound like they had real skin in the game. If it fails they walk away with enough to retire on anyway.
Let’s not make celebrities of the biggest grifters out there, emotionally coloring them in as possessed of magical insights. They’re people playing a game where the deck is stacked in their favor by that sort of fawning.
It’s an unverifiable claim to suggest they were uniquely gifted. Uniquely positioned is not the same thing.
Re: Stack Overflow sold to Prosus for $1.8B
#107I hadn't heard of Prosus or Naspers before this. Apparently Naspers owns 31.2% of Tencent. Time to revisit my assumptions with respect to how companies are owned.
Reminds me of "Tencent owns reddit" threads on reddit then someone points out that Naspers owns Tencent. Hilarity ensures.
Which was extra funny given Tencent's tiny ownership share in reddit.
Re: Stack Overflow sold to Prosus for $1.8B
#108Let's just hope there will be no "Pay to see the answer" thing happening like this one website experts exchange or whatever it was called.
Way back in 2008, Google had a feature called SearchWiki that let you X-out or upvote search results. It was little used, but apparently the most frequent usage was to delete ExpertsExchange results. IIRC we ended up making some changes to webspam that resulted in ExpertsExchange links falling off the front page, and then SearchWiki was unlaunched because it was no longer necessary.
I’m dying to have that feature again.
I just want to downvote/remove W3Cschools and upvote MDN.
Re: Stack Overflow sold to Prosus for $1.8B
#109This is the official announcement from Stack Overflow:
https://stackoverflow.blog/2021/06/02/prosuss-acquires-stack...
As you may have seen in the news this morning, Prosus (PROSY) has announced its intention to acquire Stack Overflow for 1.8 billion dollars. This is tremendously exciting news for our employees, our customers, our community members, and for our shareholders, and I will share a bit more about what it all means in this post.
Prosus is one of the world’s leading technology investors with stakes in companies such as Tencent, Brainly, BYJU’s, Codecademy, OLX, PayU, Remitly and Udemy. Their massive scale and reach improves the lives of around a fifth of the world’s population. Prosus’s mission is to build leading companies that empower and enrich communities, as demonstrated by the many community-focused and EdTech companies they work with. This makes Prosus the perfect company to acquire Stack Overflow, and Stack Overflow the ideal investment in their focus on the future of workplace learning and collaboration. It allows us to continue to operate as an independent company with our current team and with the backing of a global technology powerhouse.
Once this acquisition is complete, we will have more resources and support to grow our public platform and paid products, and we can accelerate our global impact tremendously. This might look like more rapid and robust international expansion, M&A opportunities, and deeper partnerships both on Stack Overflow and within Stack Overflow for Teams. Our intention is for our public platform to be an invaluable resource for developers and technologists everywhere and for our SaaS collaboration and knowledge management platform, Stack Overflow for Teams, to reach thousands more global enterprises, allowing them to accelerate product innovation and increase productivity by unlocking institutional knowledge.
Prosus is a long-term investor and loves what our company and community have built over these last 13+ years. They are impressed by the SaaS transformation the company has been on since the launch of Stack Overflow for Teams and especially over the last two years. Prosus recognizes our platform’s tremendous potential for impact and they are excited to launch and accelerate our next phase of growth.
How you use our site and our products will not change in the coming weeks or months, just as our company’s goals and strategic priorities remain the same. As the acquisition is finalized, and we continue to partner with Prosus, I will keep you all posted through my regular quarterly blog posts and Teresa Dietrich, our Chief Product and Technology Officer, will do the same in her quarterly community blog posts.
I want to conclude by thanking all of you for your contributions over the years. Whether you asked or answered a question on our site or simply copy and pasted code, whether you once found a job on Stack Overflow or you’re one of the hundreds of thousands of users of Stack Overflow for Teams. We could not have achieved this milestone without you.
This milestone is just the beginning. Since 2008, our public platform has helped developers and technologists over 50 billion times. That’s just us getting started, and I can’t wait to continue to update you on what’s next.
Re: Stack Overflow sold to Prosus for $1.8B
#110I find parallels between Stack Overflow and Mozilla. Both started with fairly focused products that were best in class. The user base grew and the network effect multiplied. Both were started and largely staffed by engineers. Then both companies started focusing on "bigger", more ambiguous goals. Their about pages are riddled with the latest marketing-speak: Authentically empowering dignity, community, and inclusivit…
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