51–60 of 280 posts
They bought Komoot, laid off 80% of the staff, but they still did a major redesign of the app and website afterwards. I expected outages, but so far it works like before.
At one time, AOL had a market cap of $200B https://www.cnbc.com/2019/08/15/how-aol-dominated-the-intern...
We'll probably be saying the same about a lot of AI companies as well....
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> In November 2022, Bending Spoons agreed to acquire Evernote.[19] The acquisition was concluded in January 2023.[20] In July 2023, Evernote laid off all of its existing staff and announced it would relocate to Europe to be closer to Bending Spoons' headquarters.[21] Damn.
How does that possibly work? How do they continue with zero of the staff?
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I wonder if that's got lost in translation somewhere. I can understand not having on-call operations teams (an anti-pattern) but not having anyone on call at any time seems unlikely. Unless they mean to say its part of all devs job expectations and not a paid extra.
I don't want to imply Bending Spoons is this awesome, as I know nothing much about them (except that they named their company after a weird scam, lol), but there's a pretty reasonable principle that might apply here: If our service goes down for any reason, uh... wait until Monday afternoon, then try again. (Sorry!) Like, who would die if AOL was down for 36 hours?
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We'll probably be saying the same about a lot of AI companies as well....
at the end of the last tech bubble, Herman Miller chairs were available for cheap. wonder what the score from the ashes will come this round?
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"Unexamined legacy subscriptions paid without a thought," is another way of saying, "Has too much money." If this is a widespread Boomer phenomenon, it explains a lot. I still kick myself for spending 6x MVNO pricing on my cell phone plan with a legacy carrier whose features I didn't need.
> I still kick myself for spending 6x MVNO pricing on my cell phone plan with a legacy carrier whose features I didn't need. I have a friend who tried to switch to a MVNO (Cricket, I think) to save money and immediately switched back. Even though both companies were on the same network, the MVNO customers must have had a lower priority, because their service level was noticeably worse when literally the only thing th…
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It sounds like Bending Spoons is where old tech products go to die? I guess that's private equity for you.
That seems to be the opposite of what the article suggests, they seem to hold on long-term and invest in technology improvements.
People usually mention Evernote when Bending Spoons is brought up, but I also know them as purchasing Meetup (after it was already sort of struggling) and, more recently, entering an agreement to purchase Vimeo (of which I'm a paid user). AOL was already a husk, and has been arguably since they got rid of the triangle logo. It was already owned by a private equity firm, Apollo Global Management, as a subsidiary of Ya…
It sounds like Bending Spoons is where old tech products go to die? I guess that's private equity for you.