I’m just curious if anyone here has actually heard of this company before this announcement? If you have, what is your opinion on this acquisition?
Last Kubecon / Cloudnative Con they had a HUGE stand. Hard to miss them if you are in this space.
Google to buy Wiz for $32B
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Re: Google to buy Wiz for $32B
#182I’m just curious if anyone here has actually heard of this company before this announcement? If you have, what is your opinion on this acquisition?
We've been using them for 2-3 years. Excellent.
Re: Google to buy Wiz for $32B
#183What's in for Google? Like 32B is no small sum, and I don't really understand Wiz business (product yes, business and numbers much less).
I sounds insane to me number wise too. Even growth stocks have about 5x the price to revenue.
> Even growth stocks have about 5x the price to revenue.
A PE of 5 is not a growth stock - that’s the kind of PE you’d see on a barely surviving mid-cap in decline…. The combined PE of the S&P500 is in the low to mid 30s these days!
Re: Google to buy Wiz for $32B
#184Earlier quoted context omitted.
True, but the vast majority of people spend zero money on WhatsApp. I actually have no idea how I would give them money. There are no adverts, the metadata is not valuable, and no companies even use WhatsApp business, at least in the UK. Their UK revenue is basically 0, despite 100% market share. This is an enterprise product in a space where companies spend millions of dollars. Still seems like an insane amount thou…
Just to respond to the Whatsapp part of the comment, apparently Whatsapp made about $1.7 billion in 2024. https://www.businessofapps.com/data/whatsapp-statistics/
That is suspiciously equal to the "Other revenue" line in Meta's 10-K.
Given that likely rolls up other products I doubt it's all coming from Whatsapp.
[0]: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001326801/1f8bf8e...
Re: Google to buy Wiz for $32B
#185[flagged]
Maybe it's a shakedown from the FARA violaters that have huge influence in the same government that just happens to be seriously threatening to break up Google. It would be a classic mob play.
Re: Google to buy Wiz for $32B
#186Earlier quoted context omitted.
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.
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Re: Google to buy Wiz for $32B
#187I’m just curious if anyone here has actually heard of this company before this announcement? If you have, what is your opinion on this acquisition?
I've used wiz in a previous job. Its a good product. I don't know if they invented disk snapshot based security scanning, but they certainly popularized it.
Companies like CrowdStrike have copied a lot of what Wiz has been doing (and I'm sure wiz has copied some CrowdStrike features).
This announcement is pretty disappointing to me. I would have more faith in Wiz as an independent company than as part of Google. I expect their innovation to fall off a cliff.
Re: Google to buy Wiz for $32B
#188Earlier quoted context omitted.
Wiz itself doesn’t. But Wiz knows what is going on in everyone cloud. That data could be fed to GCP sales team though customers might riot if that happens.
>That data could be fed to GCP sales team though customers might riot if that happens Large enterprises don't sign the stock terms and conditions that would enable this, most do or should have legal teams redlining contracts around how cloud data is accessed and used by vendors. Maybe Wiz is so good they would agree to it, but it would get challenged and negotiated during the sales cycle.
Clients can have their lawyers jump up and down but the data is there, you just KNOW the mothership gonna use it. All they need is some obfuscation and plausible denyability. It's just too good to not use it.
Re: Google to buy Wiz for $32B
#189I’m just curious if anyone here has actually heard of this company before this announcement? If you have, what is your opinion on this acquisition?
I've seen them at trade shows and heard good things. I had also heard that Google tried buying them last year but it didn't go through, I'm curious about how/why they did it now