581–590 of 951 posts
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P/E is the earnings multiple, not revenue. Your assuming high margins is doing a lot of legwork here. Often untrue for growing startups.
It’s the growing part that increases the multiple.
This makes no sense. Assume 1,000 customers each generating $2m in ARR with contracts. That’s $2 billion. Assume generous 6x ARR valuation, that’s $12 billion. Where is this $20 billion premium coming from? How could the board approve this? How is this fair to shareholders? Heck, as a minor shareholder in GOOG, I don’t find this financially responsible at all. I can’t help but think sometimes these tech acquisitions…
How is 6x generous? Alphabet's P/E is 23. That means $2 billion rev implies $46b valuation (assuming high margins) These deals always have more than meets the eye. Google wouldn't acquire revenue at a fair market price just for revenue's sake - there's some reason they expect to get value beyond the revenue. That doesn't mean its nepotism. It could be that they think they can triple revenue per customer with some syn…
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Okay you edited. I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent. At least In my country. They really believe "jews run the world" once you debate them enough they admit it and there is no changing of their minds.
> Okay you edited. Yep. Realized the confusion! > I feel like the majority of anti-jew sentiment is from pro-palestine arab people and adjacent Most people haven't met an Israeli or traveled to Israel. Also, most users on HN are Americans or Northern European who overwhelmingly use Reddit, so everyone has some weird fringe mentality about one side or the other. Honestly, most Israelis and Arabs act the same - I mean…
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This is an incredibly useless comment [0] At least say why you think so and contribute to the conversation a bit. [0] https://news.ycombinator.com/newsguidelines.html#comments
The comment effectively says "wake up to yourself, this nonsense isn't welcome". Some things are self evidently stupid, cynical and/or disingenuous to anyone with a modicum of intelligence and a cursory understanding of the field. Use your hall monitoring energy to add value. The type of post I call out here reduces the value of the forum.
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most people here are also in security and still haven't heard. It's more likely backroom kickbacks (and/or mossad) than invisible unicorn.
Security is a big field. I’m in the CSPM space and Wiz is a major player here, I actually had a bit of an existential crisis about what we were building when I first saw a demo of their platform. Most of their competitors, like Palo Alto, have a very convoluted offering from gluing together several acquisitions. Wiz is very cohesive with a much nicer API and great UX, which is very underrated in the security space im…
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kickbacks, may be. I have seen the product. It is not so mossad-y. It fairly straight forward cloud, VM, kubernetes scans. Does it protect stuff? Somewhat. Is it the best product out there - no. Are CISOs happy? CSPM is mostly a checklist item in their bucket to things to do. It depends on what kind of security you are working in. Most of the people in CSPM, CNAPP world have heard their name. It is product built for…
> It is not so mossad-y. Would we (i.e. anyone not in the intelligence space) know how intelligence service-y software would look like ? . Aren't all such organizations trained and designed to be inconspicuous and in places we are unlikely to expect.
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I never heard of them until they were purchased for $32 billion.
It does not make sense. In 2024 Wiz had 10.7% market share. Revenue in the 1,5 to 1,7 Billion but they were not profitable in 2023. Become profitable in 2024 meaning costs are very high. Also looks like Google is desperate for growth in Cloud and they need to do something . They are paying as much money as their whole Google Cloud revenue in 2023. Revenue multiple is like 40x times revenue for Wiz. Exceptionally high…
actually, it makes perfect sense. it's just that you (and I) don't have the right perspective.
these giantcos are sitting on Himalayan ranges worth of cash, which is burning a fiery hole in their butts, and they don't know what to do with it.
and they have more cash than sense, even though they always brag about having some of the smartest people in the world, and also have FOMO (to competitors and upstarts).
Facebook buying WhatsApp for 19 billion did not make sense to us laymen either, but it happened.
I was flabbergasted when I read about it. ignorant me.
https://en.m.wikipedia.org/wiki/Himalayas
https://en.m.wikipedia.org/wiki/WhatsApp
go figure (pun intended)
edit: you answered your own doubt about why does not make sense:
>Also looks like Google is desperate for growth in Cloud and they need to do something.
that's what I said, FOMO.
man, if i sold even one of my software products for even a zillionth of such amounts, I would be on Mount Kailash (cloud 9 to you :)
grrr. envy emoji here.
This deal isn't about security, it's about data. Google already have one of the best security teams in the industry - Project Zero [0]. They don't need Wiz's "enterprise" expertise for security. This deal is about DATA. Wiz, as a cybersecurity vendor, have full remote access to their customers cloud compute storage (EC2 EBS volumes, etc) in the name of "security scanning" - this is actually part of their unique selli…
I find it hard to believe (or maybe I don’t want to believe) that this could ever happen? Even if Wiz has T&C’s that allow full access to clients’ data, and even if the T&C allow some sort of “use” of that data that includes training an LLM, surely you can’t release an AI trained on private information to the public? You can’t have Gemini spitting out internal/private/confidential information? Am I just naive?
You are not naive, you are not considering that at certain scales, your concerns are the cost of doing business.