4 ms·
The product isn't going anywhere for our customers. That's a big reason we did the deal.
by randall 8y ago
The product isn't going anywhere for our customers. That's a big reason we did the deal.
- RangerScience 8y agoWhat does it mean by "bough the talent and the tech, but not the company"?
- austenallred 8y agoI think that's a poorly-worded way to say "the product will be built into facebook itself"
- repsilat 8y agoHmm, I think it's a legal thing to get the right money to the right people (by affecting taxes or liquidation preferences or...) If Facebook buys the company's IP but not the company itself, and the company pays out that cash in dividends and winds down operations, people could get paid quite different amounts than if Facebook had purchased all of their outstanding stock outright.
- nedwin 8y agoBuying the company can sometimes be buying certain liabilities they don't want to deal with.
- bogomipz 8y agoThere were likely people at Parse who thought similarly at the time of their acquisition: https://techcrunch.com/2016/01/28/facebook-shutters-its-parse-developer-platform/ https://techcrunch.com/2016/01/28/facebook-shutters-its-pars...
- benatkin 8y agoFool me once, fool me can't get fooled again.
- halfjoking 8y agoGlad you got that in writing because most founders forget that part and think that even if Facebook's management changes they'll still honor their promise. Good thing you're not that guy.