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Thanks for links. The commenters on privacytools sites were insightful but sounds like they missed the key piece of information: https://wire.com/en/blog/wire_
by openplatypus 7y ago
Thanks for links. The commenters on privacytools sites were insightful but sounds like they missed the key piece of information:
https://wire.com/en/blog/wire_business_update/ https://wire.com/en/blog/wire_business_update/
> In connection with the financing, our holding company moved from Luxembourg to the U.S., as we believe this will be helpful in future fundraising necessary to support our strong growth. Notwithstanding the foregoing, our current and future customers are licensed and serviced from Wire Switzerland, our software development team remains in Berlin, Germany, and our hosting is European-based. Our enterprise customers can deploy their own instance of Wire in their own data center.
If data, technology and control is subsidiary then Wire, as technology, data and its user still fall under Swiss law.
Holding company =!= all of its business is based in that country.
That said, I appreciate the murky approach to communicating this fact.
- kick 7y agoHolding company = they're still subject to U.S. law.
- openplatypus 7y agoYes, holding company is. Subsidiary? Greatly depends on the control structure, agreed terms AND law in which subsidiary is incorporated. Given that these details are not disclosed at this time accusing Wire Swiss GmbH of anything constitutes rumors and conspiracy theory.