191–200 of 951 posts
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How on earth does buying Wiz force other developers to move? I think the tinfoil is too tight.
There's no force but Google can now leverage the data from Wiz to target good customers for other services.
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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.
Yes, the world is a very simple, non-complex system. People can be either child killing monsters or complete saints.
What 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.
What 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.
That was the fastest to $100m ARR in history
> Some nobody company
That was a Decacorn ~3yrs after its founding
> Some nobody company
With ~half of the Fortune 100 as paying customers.
I get it - most people here aren’t in cybersecurity, nor do they understand the space, but let me put it this way - if you are looking for the top 5 cybersecurity companies by mindshare of people in the industry, Wiz is in the conversation.
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?
I'm sad they're being acquired, especially by a FAANG company. This constant consolidation is bad for IT (and the economy in general). I am happy for the employees holding shares though!
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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.
It might sound weird to people from the US and many other western nations. Most people there aren't concerned with serving in the military - they either leave it to working class folks to serve, or they don't really have any neighboring enemies.
The Israelis aren't as privileged unfortunately. Israel requires all its citizens to serve so that its military is large enough and strong enough to defend against attacks from the many regressive and murderous regimes that surround it, or even better, deter them from even trying to attack.
This is probably a dumb question, but what does all cash mean? Does it literally mean that they are putting $32bn in Wiz's bank account (or probably some kind of escrow, who knows) which then gets dispersed to their shareholders? What usually happens otherwise? Would they do partly google stock, etc? And each shareholder gets some kind of multiple? (you get your N amount of Wiz shares X .72 = your number of google sh…
It means if you were a shareholder of Wiz, you will have cash in your checking/savings account within few days and you will no longer have the shares.
I'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…
Earlier quoted context omitted.
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.