IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
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Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#2[dead]
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#3Welp, better cancel my Productive subscription.
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#4i'm not sure i quite understand the situation. is the implication that bending spoons is some kind of private equity firm but for apps that will suck the soul out of these 17 apps? i haven't heard of this company before but browsing their site at least the marketing speak points towards it not being the case... could someone explain?
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#5They recently acquired Meetup as well [1]. This doesn't bode well for its future.
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#6Obviously sucks to be one of those 330 employees, but I wonder if we really need all these junk apps that just harvest user data. Hopefully they can get work doing something fulfilling.
Every time a data harvester moves operations to Europe for cheaper labor, it seems like a game of Russian roulette. When will the day come that the EU drives Bending Spoons out of existence?
The US should adopt intent nationalistic laws against international businesses collecting American’s data. Not because of National Security (but that’s what the politicians can say) but simply because Americans are the most valuable markets and it’ll drive many of these companies out of business, and generally disrupt the market.
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#7i'm not sure i quite understand the situation. is the implication that bending spoons is some kind of private equity firm but for apps that will suck the soul out of these 17 apps? i haven't heard of this company before but browsing their site at least the marketing speak points towards it not being the case... could someone explain?
[deleted]
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#8i'm not sure i quite understand the situation. is the implication that bending spoons is some kind of private equity firm but for apps that will suck the soul out of these 17 apps? i haven't heard of this company before but browsing their site at least the marketing speak points towards it not being the case... could someone explain?
it's exaclty that, and it's based on them doing it to several high profile apps (ex: evernote)
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#9i'm not sure i quite understand the situation. is the implication that bending spoons is some kind of private equity firm but for apps that will suck the soul out of these 17 apps? i haven't heard of this company before but browsing their site at least the marketing speak points towards it not being the case... could someone explain?
They’re not private equity… they’re like a bottom tier tech conglomerate that’s been growing rapidly lately. They most famously bought Evernote.
They buy apps/products that mature and don’t need a lot of work, fire all the workers and hire a skeleton crew to manage them in a cheaper labor market.
They also harvest data from the apps and resell it.
Re: IAC sold 17 apps to Bending Spoons. $100M deal, all 330 employees fired
#10They recently acquired Meetup as well [1]. This doesn't bode well for its future. [1] https://news.ycombinator.com/item?id=38953242
And Evernote almost 2 years ago