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Google to buy Wiz for $32B

reuters.com

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Re: Google to buy Wiz for $32B

#591

Post by Keyframe »

ABS wrote: post #39
mrweasel wrote: post #26

Earlier quoted context omitted.

I can't help feel like this will be rolled into GCP and quickly lose support for Azure and AWS and then just die. That's a lot of money to spend to kill off a business.

that would immediately shed half the value of the company and Google would need to book a huge loss e.g. half of Fortune 100 use Wiz and I assure you most of them do not use GCP (or do not use only GCP)

half of Fortune 100 use Wiz

gonna need a citation on that. All I could find was their own quotes.

Re: Google to buy Wiz for $32B

#592

Post by jll29 »

scarface_74 wrote: post #321
bigyabai wrote: post #289

Earlier quoted context omitted.

Again, the parent's point stands. Apple is not changing the game with Apple Vision Pro or Apple Intelligence. Microsoft isn't getting accolades for Windows 11 and Copilot. It's not always smart to bet the farm on a product that nobody wants to pay for. Objectively speaking Google is one of the few companies that saw where the puck was headed and skated there. They built TensorFlow, they sponsored serious local AI res…

TensorFlow is a technology not a product. Having things in a “research” lab are not products. What product have they introduced in the past decade? 15 years? Android is the only one that has gotten any meaningful traction. Does Google have a better LLM based product than OpenAI’s ChatGPT? Well personally for my use case, NotebookLM is better for some things. But it isn’t a better product for most people. Androids pos…

> Android is the only one that has gotten any meaningful traction.

In my book, Android doesn't count as a Google product, as it was a 2005 acquisition:

https://www.androidauthority.com/google-android-acquisition-...

Re: Google to buy Wiz for $32B

#593

Post by almosthere »

ryanSrich wrote: post #539
detourdog wrote: post #366

Earlier quoted context omitted.

I never heard of them until they were purchased for $32 billion.

This is wild to me. As someone in security, Wiz is definitely one of the whales.

Same here, I guess it's the circles you run. I just went to their homepage and I have no idea what they do. I already have CI/CD, code, etc.. "securing" it seems like, use aws secret stores?

In other words, their webpage is not telling me anything. Companies like these, always feel like instead of having a useful product, they hired useful networks of people to "spread the word" and sell sell sell to your network. Apparently I wasn't in the network. Sorry old and salty.

Re: Google to buy Wiz for $32B

#594

Post by scarface_74 »

jll29 wrote: post #592
scarface_74 wrote: post #321

Earlier quoted context omitted.

TensorFlow is a technology not a product. Having things in a “research” lab are not products. What product have they introduced in the past decade? 15 years? Android is the only one that has gotten any meaningful traction. Does Google have a better LLM based product than OpenAI’s ChatGPT? Well personally for my use case, NotebookLM is better for some things. But it isn’t a better product for most people. Androids pos…

> Android is the only one that has gotten any meaningful traction. In my book, Android doesn't count as a Google product, as it was a 2005 acquisition: https://www.androidauthority.com/google-android-acquisition-...

Almost every part of the iPhone is also based on acquisitions. Android was a bad BlackBerry knock off before Google acquired. Android as it exists today is mostly Google.

YouTube and even AdSense were based on an acquisition.

Heck, Apple as we know it today was based largely on the Next acquisition.

Re: Google to buy Wiz for $32B

#595

Post by scarface_74 »

jtgverde wrote: post #83
jordanb wrote: post #53

Earlier quoted context omitted.

Turns out McKinsey is really bad at business and letting a McKinsey ghoul run your company is a good way to run it into the ground.

GOOG is up ~152% since Sundar took over...

Microsoft was also up by leaps and bounds when Ballmer was in charge and RIM had its highest market cap in 2010 - three years after the iPhone was introduced.

That has nothing to do with whether Google has the ability to create new great products and it has failed miserably at that over the past decade.

Re: Google to buy Wiz for $32B

#597

Post by kubb »

smlacy wrote: post #489

Just think: This company is 5 years old. That's just 1825 days, or 43800 hours, and they've created $32B of "value" in that time. That's an average rate of almost $750k/hour continuously. Incredible.

Almost... unbelievable.

Re: Google to buy Wiz for $32B

#598

Post by tombert »

smlacy wrote: post #489

Just think: This company is 5 years old. That's just 1825 days, or 43800 hours, and they've created $32B of "value" in that time. That's an average rate of almost $750k/hour continuously. Incredible.

I have no idea how these corporate acquisitions are valued.

Craftsman Tools was sold to Black and Decker for $500 Million. This was and is a respected tool brand with an international presence making physical and tangible products and it is apparently worth 1/64th of Wiz.

I'm not even saying Wiz is overvalued, I don't know, I'm just not sure how they come up with these numbers.

Re: Google to buy Wiz for $32B

#599

Post by nextts »

nextts wrote: post #538
lotsofpulp wrote: post #206

Earlier quoted context omitted.

Then you should not have owned assets that someone else had the power to sell.

For example: any publicly traded shares. I have had shares that are 1. force sold, 2. shares that were force split into two companies and 3. shares that are force acquired so they become another companies shares.

Lol coincidently had some publoc traded shares force sold last month. Didn't realize (they didn't send me an email). I have a weird ability to pick these kinda stocks! Unfortunately it hasn't been a profitable strategy.
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