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Yubico is merging with ACQ Bure and intends to go public

yubico.com

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

#191

Post by TacticalCoder »

philip1209 wrote: post #104

I'm curious how Apple Passkeys will affect the Yubico business. Competition for U2F products may increase drastically as consumers begin adopting it. This may be prescient timing to go public for Yubico.

> I'm curious how Apple Passkeys

Wait... Passkeys are from the FIDO alliance and both Google, Apple and Microsoft have pledged to implement passkeys for auth no?

I don't think it's "Apple passkeys" any more than they're "Google passkeys" or "Microsoft passkeys".

Which is why it's so scary... It's going to steamroll all other kind of auth with these three juggernauts behind it.

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

#192

Post by algesten »

"Caroline af Ugglas, on behalf of ACQ board of directors commented: …"

This is weirdly enough a Swedish singer who had Eurovision Song Contest ambitions. https://www.youtube.com/watch?v=HE1Vy5lKuzw

She's part of the Swedish upper class – the Swedish wikipedia page lists her as "baroness" (friherrinna), further accentuated by her name ("af" is the swedish variant of the german "von")

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

#193

Post by selectodude »

wintogreen74 wrote: post #169
Scoundreller wrote: post #110

Earlier quoted context omitted.

> The problem with going public is that performance is now measured quarterly. Depends on ownership. When the insiders still own 80% (or control that much through super-voting shares), the minority shareholders’ interests (often but not always short-term) may still be ignored.

The market now measures performance regardless of ownership. Just because they retain a huge percentage of shares, or controlling interest, doesn't mean they'll accept massive declines in market value.

Facebook is, even now, entirely beholden to Mark Zuckerberg's willingness to accept falls in share price. He cannot be removed.

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

#194

Post by selectodude »

callalex wrote: post #146
fra wrote: post #136

Earlier quoted context omitted.

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

My goal is to do less work for enough money. Letting yubico chug along without growth would accomplish that for me if I was the owner.

Yubico is pretty well owned by VC firms that want their money back. By taking outside money, you're beholden to outside influence. Yubico can't buy out their investors, so they have to raise money some other way in order to do so. In this case, public markets.

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

#195

Post by duped »

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?

> Make keys, sell keys. The end. What's there to raise funding for? Build yet another password vault?

Liquidity for employees who exercised their options and investors who funded them before they had significant revenue, presumably.

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

#196

Post by darkwater »

user3939382 wrote: post #189
halJordan wrote: post #185

Earlier quoted context omitted.

This is the zeitgeist, i get it- corpos bad. But it is such a simplified cliché to buy into so wholly. Public companies are capable of long term planning. Quarterly reviews do enforce efficiency. What you've seen play out again and again is good corporate governance from public companies, you just don't notice it and more's the pity.

You put words in my mouth (corpos bad) and then said it’s oversimplified. It is over simplified, but you over simplified it, not me.

When you start a comment with "the problem is" and then also add "customers are hurt", well, I would say it's not unreasonable to infer you are expressing a negative opinion on public traded companies.

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

#197

Post by xenophonf »

red_admiral wrote: post #65
hayst4ck wrote: post #59

Earlier quoted context omitted.

I agree with this as well. Capitalist influence creates a powerful conflict of interest. When it cuts down to it, which master will yubico serve? The customers or their shareholders? Now Yubico has a fiduciary responsibility to their shareholders. I frankly can't think of very many companies that are able to resist this core capitalist corruption. Even Costco is implementing shareholder over customer policies. 1Passw…

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…

> You don't need a MS365 identity to set up a github account, for example.

Slow AIs ^W ^W Corporations work on a different scale than people. For example, you _do_ need a MS365 identity to play Java Minecraft now, nine years after Microsoft bought Mojang.

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

#198

Post by Arnavion »

ChancyChance wrote: post #172
Arnavion wrote: post #144

Earlier quoted context omitted.

Services support Yubikeys through U2F / WebAuthn, not anything Yubikey-specific, right? If you're using services that don't support that, I take it the apps you do use are using TOTP?

All three of my banks do not support Yubikey according to their tech support.

I'm not asking you what they don't support. I'm asking you what they do support.

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

#199

Post by ChancyChance »

Arnavion wrote: post #198
ChancyChance wrote: post #172

Earlier quoted context omitted.

All three of my banks do not support Yubikey according to their tech support.

I'm not asking you what they don't support. I'm asking you what they do support.

Their own hard tokens and authenticator apps.

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

#200

Post by palata »

INTPenis wrote: post #42
aborsy wrote: post #2

Anyone has insights into how trustworthy is Yubico? Their firmware is opaque, not shared outside the company, so is their hardware (important for RNGs etc).

Today there are more trustworthy alternatives. Yubikey is great for a very limited set of uses. But it lacks programmability and openness. Something tillitis key has. Tkey has a steeper learning curve because they're programmable, but they're also 100% open source software and hardware.

I always wonder: isn't programmability a security risk? What if a malware puts a backdoor in my programmable key?
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