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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#231

Post by Cthulhu_ »

mattlutze wrote: post #126
_countzero_ wrote: post #98

This seems like a silly and ridiculous acquisition. Surely for $32 billion almost any security technology could be replicated? You could hire several thousand best in class engineers and build whatever Wiz has in house… buying this almost makes it seem like Google has no idea how to build new innovative products, which I guess a lot of people already think. For Instagram and WhatsApp it was the user base and growth t…

For $32B Google are buying Wiz's brand, existing customers and their pipeline of customers, along with the technology.

This is the answer, Wiz already has a foot in the door / running contracts with huge cloud consumers, but not all of them are using Google's cloud. I wonder if Google tries to earn more money off of competing cloud platforms by offering services like this.

Re: Google to buy Wiz for $32B

#232

Post by IshKebab »

quantumwannabe wrote: post #120
IshKebab wrote: post #109

Earlier 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…

Whatsapp when it was acquired cost $1/year (with a year long free trial) and had a billion users and 55 employees. They were printing money.

As far as I remember they didn't ever really collect that money though. I certainly never paid it. I'm not sure they ever even implemented payment on Android.

Obviously hard to source this old stuff but I found an old Reddit comment that backs up my recollection: https://www.reddit.com/r/whatsapp/comments/xesw29/comment/io...

Re: Google to buy Wiz for $32B

#233

Post by bschmidt62 »

psanford wrote: post #187
kamranjon wrote: post #107

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'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 ex…

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Re: Google to buy Wiz for $32B

#234

Post by apercu »

scarface_74 wrote: post #44
amazingamazing wrote: post #19

Google has some amazing negotiating skills - paying 50% more for something they literally tried to get not even a year ago... (they tried to get it at 23 billing not even a year ago) https://news.ycombinator.com/item?id=41042034 That being said, Instagram and WhatsApp were expensive for Facebook and those ended up being a steal. Time will tell, as usual.

The difference is that Google is the worse product company among the big tech companies. It’s like the modern day Yahoo! - where acquisitions go to die.

I don't know man, iPhones and Macs are really buggy, bloated/full of unnecessary features, and user hostile. Microsoft products are also hot garbage. The cars we get to pay tens of thousands (or even hundreds) are pretty much garbage now. It's not just Google.

Re: Google to buy Wiz for $32B

#236

Post by theamk »

bschmidt62 wrote: post #230
kamranjon wrote: post #107

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?

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what? who is sending me those alerts, and where is this glacially slow and confusing dashboard came from them?

Re: Google to buy Wiz for $32B

#237

Post by leftcenterright »

I still find it amazing that:

- Businesses pay the cloud providers to allow them to use compute/disk/network

- Businesses pay to hire the engineers who can work on cloud

- Businesses pay to hire security engineers who can secure the applications in cloud

- Businesses pay to hire FinOps to optimize their cloud usage

- Businesses hire security companies to secure their cloud usage (e.g. Wiz was one such company)

- Now cloud provider has to acquire the security company to secure their own cloud?

Either I am too old, or there is something wrong here. Let's not forget that at the same time many big businesses do just fine by not using AWS/GCP/Azure.

Re: Google to buy Wiz for $32B

#238

Post by bschmidt62 »

alephnerd wrote: post #169
xyst wrote: post #153

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" Just because your ignorant about significant portions of the tech industry doesn't mean you need to be dismissive.

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