Earlier quoted context omitted.
Wiz and Waze are both Israeli companies. Not that suspicious, I think it probably just sounds better in Hebrew.
Unlikely, since modern Hebrew doesn't have a letter for "w".
Oof, you got me there!
Google closes deal to acquire Wiz
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Re: Google closes deal to acquire Wiz
#62As I mentioned at the time, the Wiz acquisition is the largest transfer of Israeli intelligence operatives into Big Tech in history. Here's my full thread on it: https://x.com/paulbiggar/status/1902329587050148068
lol
Let me tell you something even more worrying, Google, Apple, Amazon, Meta and Microsoft already have larger engineering centers in Israel than most of Europe.
And over 90% of their workers served in the IDF! And many more in Israeli Intelligence! and they're also mostly Jewish!
Spooky stuff, our ads will never be safe now
Re: Google closes deal to acquire Wiz
#63Earlier quoted context omitted.
If you think Google is capable of making a singular coherent decision on a topic like this, you're dreaming. There's likely multiple competing visions. That said: the goal with Google M&A remains the same as always. Take competition off the board. I don't know this company or how they compete with Google, but 80% chance that's the play. They are culturally incapable of merging other people's tech into their own stack…
> goal with Google M&A remains the same as always. Take competition off the board. I don't know this company or how they compete with Google, but 80% chance that's the play I don't think that's true here (what is the competing google product exactly?) or generally in cloud acquisitions, that generally buy into their platform missing features
It's true that Cloud has behaved a bit different from Classic Google
Re: Google closes deal to acquire Wiz
#64Re: Google closes deal to acquire Wiz
#65Congrats to to the Wiz team. Wiz is amazing. But, ugh, joining Google will result in less competition and all that entails. Not great for customers. It's a pity going public isn't worth it anymore.
The lack of competition is at this point choice American politicians and the voters. They should be breaking up mega corporations or at least taxing them at really high rates.
Instead, it looks like all the existing incumbents will just continue to rule over society. They have capital, monopolies, and the moats of distribution channels and contracts with their current customers. There is no fair competition - they’ll just replicate your clever product easily.
Re: Google closes deal to acquire Wiz
#66Earlier quoted context omitted.
> It's a pity going public isn't worth it anymore. Israeli VCs tend to be uninterested in IPOs in general - too much of an operational headache and it's difficult to exit a position quickly. In most cases an IPO isn't worth it for founders because an IPO means you lose operational control. It's basically the "Rich versus Kings" dichotomy [0]. Edit: can't reply > you can control the share allocations going into an IPO…
> In most cases an IPO isn't worth it for founders because an IPO means you lose operational control. This is counterintuitive to me. If you’re acquired, you’re giving up ownership and you tend to lose operational control unless you have agreements in place that say otherwise. With an IPO it seems like you have a better chance to retain control: you can control the share allocations going into an IPO to give you soli…
The problem is if you go public as a small company, it can be hard to survive. You need to meet expectations every time you do an earnings call or watch your stock get crushed, and it’ll never be given another chance. The burdens are also a lot higher in terms of the cost.
You don’t really see companies under $10 billion going public anymore. That may continue to be the case, but it’s terrible for entrepreneurs.
Re: Google closes deal to acquire Wiz
#67Wiz joins Waze & Waymo.. there's something suspicious with the letter W here :)
RIP Wave
Re: Google closes deal to acquire Wiz
#68Congrats to to the Wiz team. Wiz is amazing. But, ugh, joining Google will result in less competition and all that entails. Not great for customers. It's a pity going public isn't worth it anymore.
> will result in less competition The system working as intended. “Competition is for losers” - Peter Thiel
Thiel is an idiot
Re: Google closes deal to acquire Wiz
#69No reactions beside: monopolies are bad for innovation and why we cannot have nice things. You might hear some people say "but these big companies innovate". They were mostly done innovating two decades ago, now they just snuff out innovation and acquisition is one of their main tools.
Re: Google closes deal to acquire Wiz
#70As I mentioned at the time, the Wiz acquisition is the largest transfer of Israeli intelligence operatives into Big Tech in history. Here's my full thread on it: https://x.com/paulbiggar/status/1902329587050148068
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