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"So, we are shifting our resources and attention to defining a new model for writers and creators to be rewarded, based on the value they’re creating for people
by jmknoll 10y ago
"So, we are shifting our resources and attention to defining a new model for writers and creators to be rewarded, based on the value they’re creating for people. And toward building a transformational product for curious humans who want to get smarter about the world every day.
It is too soon to say exactly what this will look like. This strategy is more focused but also less proven."
In so many words, "We'll think of something."
- type0 10y ago> In so many words, "We'll think of something." Maybe they would try to get acquihired
- ascorbic 10y agoCompanies that raised $123 million don't get acquihired.
- gph 10y agoWhy not? That's a genuine question, not trying to be a smartass. Would a company that raised that much money not be worth its value to be acquired? Edit: Looks like Instagram had raised 50m before being acquihired. Definitely a much different situation than this one, but it's not outside the realm of possibility that a company which raised 100+ million would be acquihired.
- demystified 10y agoI would not consider Instagram being "acquihired". See definition from wikipedia (https://en.wikipedia.org/wiki/Acqui-hiring https://en.wikipedia.org/wiki/Acqui-hiring): "...the process of acquiring a company to recruit its employees, without necessarily showing an interest in its products and services—or their continued operation"
- ascorbic 10y agoBecause acquihires are at much, much lower valuations than that. You'd be relying on the investors agreeing to basically write off their investment.
- ascorbic 10y agoInstagram was sold for $1 billion with just 13 employees. That's certainly not an acquihire.