5 ms·
No, I am saying that them retroactively buying it without warning and getting access to the historical data, which users and developers did not intend to give t
by adjkant 6y ago
No, I am saying that them retroactively buying it without warning and getting access to the historical data, which users and developers did not intend to give to Facebook, is the off part.
If Facebook bought this or developed it themselves and then these companies integrated Giphy, it's obviously very different. Basically this implies that any data you give to any third party can then basically be bought by your competition. I think legal language that prevents this would likely be a net good thing. I of course realize it's fair game, but that seems like a great way to discourage the use of any third parties generally.
The acquisition itself is very valid from a product standpoint, but I suspect a big reason for the buy was that data on competitors as Facebook claws back against pressure from rising platforms. I would bet a good deal of money this will be used to inform future acquisitions and fuel the black hole of Facebook acquisitions and squashing of any competitors.
- deleted 6y ago[deleted]
- hedora 6y ago> I think legal language that prevents this would likely be a net good thing. Language that protects end user data across changes in company ownership basic doesn’t exist. For one thing, if the company goes bankrupt, the data is an asset of values, and the court will allow them to void prior contracts so that they can sell off assets and pay their debts. This is legal for the same reason pensions get zeroed out during bankruptcies and acquisitions. If the new owners can steal retirement money from current and former employees, you can bet they can sell whatever treasure troves of data the company has amassed.