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The CEO is joining Twitter as their VP of Product.
by spullara 10y ago
The CEO is joining Twitter as their VP of Product.
- hartator 10y agoWhy haven't they just hired him? It's not like this company's products is worth anything as they are shutting everything down. It's shameless acquihire.
- tptacek 10y agoWhat is a "shameless acquihire"?
- joshuahutt 10y ago...the opposite of a "shameful acquihire"? Maybe they couldn't get him/them to abandon the app without buying it out.
- gtirloni 10y agoI believe it's being implied that the shame should be in spending all this money to hire a few people (that, supposedly, they could get cheaper on the market). Maybe that they should feel embarrassed in front of investors? That's what I understood.
- tptacek 10y ago"Spending all this money"? How much did they spend?
- gtirloni 10y agoI think you can answer your own rhetorical question. Point taken.
- tptacek 10y agoDo you generally have the impression that these acquihires are bonanzas? They aren't: they're usually only marginally more lucrative than the signing package for a senior hire gets anyways, and sometimes less so. Employers gussy them up for team members by giving aggregate numbers, counting on team members not to divide them by 4 and compare them to competing offers. Investors hate them. The acquihired team is usually only getting two things from them: the founders save face (publicly, not with future investors, who know what an acquihire is), and the whole team gets placed, rather than having to interview individually. Even that last bit isn't always true.
- hartator 10y agoI meant they are not even trying to act if their apps were gaining any traction. It's more an ego trip than an actual business operation. We live in a free country however.
- tptacek 10y agoI'm sorry, I'm not following. If their apps aren't gaining traction, how do you want them to act? Should they apologize for failing? Refuse the offer to allow their team to be acquired?