big tech should be forbidden of purchasing anything, especially big 5
The voters disagreed and elected an extremely big tech friendly government.
I'm sure that didn't factor in at all in why the voters voted what they voted.
Google to buy Wiz for $32B
151–160 of 951 posts
Re: Google to buy Wiz for $32B
#152Re: Google to buy Wiz for $32B
#153What the hell is "Wiz"? Some nobody company that was formed G might be the modern day IBM.
You would think G would have the brain power to compete and provide out of the box security for their own platform. I guess the MBA losers at the top have been shaving too much from engineering to do this properly.
The acquisition hiring in big tech is wild to me. And the consolidation of power into a few companies continues.
Re: Google to buy Wiz for $32B
#154Earlier quoted context omitted.
There is actually some drama between Wiz and Orca, a company founded one year before Wiz. Orca alleged Wiz copied them, and Orca does operate in the same space. But a lot of hundred billion dollar companies are built on moats, integration and switching costs.
Yeah but Google is a trillion dollar company. Why do they need to spend $32billion on a company whose only value add seems to be they are good at finding exploits? You could hire every cyber security researcher in the country for $32billion.
It is a difficult question to answer. For example, why did Google acquire YouTube in the early 2010s? A platform technically and engineering wise similar to YouTube would have been very easy to replicate. IMO the best explanation goes back all the way to the days of Standard Oil/Carnegie Steel company - and quite possibly even the East India Company. There's an enormous benefit to consolidate various businesses under you and create a monopoly. Today in tech, monopolies are far from being as straightforward as being the dominant producer of a commodity like oil or steel. But there's undoubtedly some similar mechanisms involved. Synergy is one way to put it, but I think it's too restrictive.
I think the other part of the equation missing is if Google did create their own Wiz, Wiz would still be on the market, and it'd be a bitter fight which they could very well lose.
Re: Google to buy Wiz for $32B
#155I'm marginally in the IT space... Is there anything to my reaction that at least in dollar terms this is a multiple of the dollar amount of what Whatsapp was acquired back in the day, which was a large consumer facing product that I could see was quite literally taking over messaging all over the world, and this is a... platform I've never heard of? I'm just trying to make sense of the numbers.
Whatsapp was $1/person/year for a license. Wiz is "contact sales for pricing". Presumably that's more than $1/year. According to Amazon's Wiz integration ( https://aws.amazon.com/marketplace/pp/prodview-ibgbkrqusncsm ), the lowest cost they have is $24,000/year.
It's based on your workload you are using it for basically. So its not a set price.
Re: Google to buy Wiz for $32B
#156I'm surprised this acquisition didn't happen sooner. The first time I used Wiz I knew a big cloud provider would be snatching them up at some point. Why? Because every enterprise that decides to use cloud providers then needs to find someone to keep that cloud environment safe. But also, and may more important, you get to see everyones cloud usage, across all providers, with a high level of permissions. Said differen…
How on earth does buying Wiz force other developers to move? I think the tinfoil is too tight.
They don’t need to force people, just make them a very good targeted offer. This is also great for seeing which features their customers use most to help GCP catch up to the competition, too.
Re: Google to buy Wiz for $32B
#157This seems like a silly and ridiculous acquisition. Surely for $32 billion almost any security technology could be replicated? You could hire several thousand best in class engineers and build whatever Wiz has in house… buying this almost makes it seem like Google has no idea how to build new innovative products, which I guess a lot of people already think. For Instagram and WhatsApp it was the user base and growth t…
> You could hire several thousand best in class engineers
How easy is this? Especially if you're doing it on an accelerated timeline, it seems like you'd have to pay above market to poach thousands of best-in-class engineers, and then you're stuck with higher salary expenses forever.
Re: Google to buy Wiz for $32B
#158[flagged]
Re: Google to buy Wiz for $32B
#159Earlier quoted context omitted.
WhatsApp purchase was for that sweet sweet data of everyone's contact lists (this was their original innovation for onboarding — just give us access to your phone book and we'll tell you who else is on WhatsApp). Their earnings were completely irrelevant in price discussions. The billions were paid for the dataset.
I'd expect a lot of the money was also to prevent a competitor with WhatsApp's ubiquity from existing. (Or selling to another competitor.)
That too, of course. WhatsApp itself was a work of art at that point, its success should be studied and hopefully emulated.
Re: Google to buy Wiz for $32B
#160[flagged]
How dare the founders be born in a country!
You are saying this as if the founder is a normal civilian. The guy served in unit 8200 and 81 around the beginning of the 2000s(Second Intifada, first g a z a war, if not more), and overstayed his mandatory service.
This isn't a normal company, just like every Israeli security "startup" with founders coming from idf intelligence units.
Even ignoring this, 32b for such a company just doesn't make sense.