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Yubico is merging with ACQ Bure and intends to go public

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Re: Yubico is merging with ACQ Bure and intends to go public

#151

Post by myself248 »

fra wrote: post #136
belter wrote: post #56

Earlier quoted context omitted.

As somebody who just bought some keys last week for the same exact reasons, I share the same exact concerns. Why this need to always make more and more money? Do one thing, do it right, keep your customers happy, get your money, enjoy your life...

Don't you expect to make more and more money as throughout your life as well?

I expect to continue working as I continue making money, though.

It's not like I put out a thing and expect it to support me forever with some magical recurring stream of milking whomever.

Re: Yubico is merging with ACQ Bure and intends to go public

#152

Post by bcrosby95 »

fra wrote: post #136
belter wrote: post #56

Earlier quoted context omitted.

As somebody who just bought some keys last week for the same exact reasons, I share the same exact concerns. Why this need to always make more and more money? Do one thing, do it right, keep your customers happy, get your money, enjoy your life...

Don't you expect to make more and more money as throughout your life as well?

In real terms, I make enough money. The only reason I want to make "more and more" is to cover inflation.

If you asked me to choose between that while remaining customer focused, vs 3x what I make while screwing over my customers, the choice is easy. Other than providing for me and my family, I like creating things that make other people's lives easier over buying fancy cars and vacation homes.

Re: Yubico is merging with ACQ Bure and intends to go public

#153

Post by noman-land »

JoachimS wrote: post #30
bberrry wrote: post #5

Earlier quoted context omitted.

Very. They are a tiny Swedish company that pay for top talent, are quite active and hands-on in the netsec community. It's not a faceless corporation with a Chinese PO Box.

If you are looking for a tiny, Swedish company working in a similar area as Yubico, there is Tillits AB. Tillitis is a spin off from the Swedish VPN provider Mullvad. In contrast to Yubikeys, The Tillitis TKey as well as tools, device verification etc is 100% open source. https://tillitis.se/ https://github.com/tillitis https://mullvad.net/en (Full disclosure: I work for Tillitis.)

Interesting product, thanks for sharing.

Can it hold gpg keys and interface with gpg-agent? I couldn't find that information.

Re: Yubico is merging with ACQ Bure and intends to go public

#155

Post by [deleted] »

fra wrote: post #136
belter wrote: post #56

Earlier quoted context omitted.

As somebody who just bought some keys last week for the same exact reasons, I share the same exact concerns. Why this need to always make more and more money? Do one thing, do it right, keep your customers happy, get your money, enjoy your life...

Don't you expect to make more and more money as throughout your life as well?

[deleted]

Re: Yubico is merging with ACQ Bure and intends to go public

#156

Post by gizmo »

fallingknife wrote: post #137
gizmo wrote: post #133

Earlier quoted context omitted.

Should publicly listed companies should publish their financial results every quarter? Do they have to use GAAP or can they make up their own financial metrics? What do you think would happen if we removed the regulations surrounding financial disclosure for public companies? The questions are rhetorical. Companies will rob their shareholders blind if you let them. You can't just be "lol caveat emptor". (Casinos also…

Yeah I can just like I am about all those other great ways to lose money that I just posted. But, I'm really not getting your point here. SPACs have to report financial results just like any other public company. They aren't allowed to commit fraud any more than any other company.

SPACs are basically an incorporated bag of money, so yes, while they technically have the same disclosure requirements as any other public company the disclosures won't tell you anything. There is no Form S-1 for SPAC acquisition targets.

A conventional IPO has a number of roadblocks for fraudsters. First they have to convince a reputable investment bank (like Goldman Sachs) to take them on as a client. Then the CEO and CFO of the company have to go on a grueling road show where they talk to groups of sophisticated investors, present their business prospects, and answer difficult questions. The IPO doesn't happen if those investors aren't willing to pay up, or if the investment bank feels like management is not transparent about their realistic business prospects.

With a SPAC you have none of that. You can have a slide deck and a webcast and make outrageous claims and nobody will call you out on it. The company and SPAC sponsor can dump their shares on retail investors who think they are investing alongside the executives and SPAC sponsor, when in reality they are their exit liquidity.

Re: Yubico is merging with ACQ Bure and intends to go public

#157

Post by tpmx »

ChancyChance wrote: post #140

I was a big fan of Yubikey (I have 3) until fewer and fewer services supported them, instead switching to authenticator apps. Now I have zero hard tokens, but still four authenticator apps: Google + 3 for banking services that use their own. The biggest killer was the fact that Yubikey NFC is so awful. I worked with tech support repeatedly, even bought two new keys, and it almost never worked right.

I think it makes a lot of sense for things like AWS developer/devops access.

With AWS IAM Identity Center (successor to AWS Single Sign-On) - that's actually the official name, hopefully temporary - it seems well supported via WebAuthn. You can "even" have multiple keys assigned to your account...

Re: Yubico is merging with ACQ Bure and intends to go public

#158

Post by iudqnolq »

wnevets wrote: post #116
user3939382 wrote: post #103

The problem with going public is that performance is now measured quarterly. This incentivizes mortgaging the long-term health of the company for short-term gains. Brand loyalty and trust become assets that can be profitably liquidated by diluting the quality of products and services. By the time customers catch on and the company falters, the investors/owners that profited financially, and managers that profited on…

I've been following Yubico since almost its inception so I'm happy for Stina and her team. However I agree that this will probably end up being bad for customers in the coming years. I hope I am wrong.

It's interesting she's now the "Co-Founder and Chief Evangelist"

Re: Yubico is merging with ACQ Bure and intends to go public

#159

Post by nine_k »

belter wrote: post #94
red_admiral wrote: post #65

Earlier quoted context omitted.

This is not a matter of going public, but I note that when MS bought Github, there was a lot of concern over whether that would degrade the service's customer-friendliness. So far, that doesn't seem to have happened? You don't need a MS365 identity to set up a github account, for example. Also not going public, but Fastmail was bought by Opera in 2009 I think but then bought themselves back out again, and they've con…

"Has GitHub Been Down More Since Its Acquisition by Microsoft?" - https://statusgator.com/blog/has-github-been-down-more-since... "...What does the data tell us? In the two years since the acquisition announcement, GitHub has reported a 41% increase in status page incidents. Furthermore, there has been a 97% increase in incident minutes, compared to the two years prior to the announcement..."

This may mean active internal changes, especially in the infrastructure. These may enable something great, or remove some internal source of pain.

The stats are not enjoyable though.

Re: Yubico is merging with ACQ Bure and intends to go public

#160

Post by nine_k »

neilv wrote: post #23
dumpster_fire wrote: post #7

I have an irrational concern about using security products from a company post-merger or acquisition. It has never ended well for me as an anecdotal user. Going public is taking that worry even further. Make keys, sell keys. The end. What's there to raise funding for? Build yet another password vault?

For personal use, I just tried to buy a few pre-SPAC units, just in case. But they seem to no longer sell any plain non-NFC USB-A keychain models.

Unless you're price-sensitive and want to avoid the NFC for tat reason, I don't see how the NFC version is worse. If you don't want NFC at all, a bit of foil or even wire should physically block it.
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