7 ms·

They’re begging to sell 5-7.5% of the compny for €8m? Sounds like it is time for Qwant to give up.

by belatw 5y ago

conradfr 5y ago
It's all political and diversion of public funds (if that's the correct English term, I edited "money laundering" out). Qwant should be dead, it is said most of its index is served by Bing anyway (they used to hide it for years and lie about their own indexing stats).
- GordonS 5y ago
  Can you substantiate these (seemingly bizarre) claims of money laundering?
  - bleuarff 5y ago
    France has invested a lot of money into this company. And it was approved to become the official search engine on many state administration's computers, even after an audit revealed the terrible quality of their product. Things are a bit shady around Qwant, and this is ground for all kind of suspicions (not that I'm endorsing any).
    - GordonS 5y ago
      That does not fit any definition of money laundering. It sounds more like decisions are being made based on politics, presumably with an eye to the long-term improvement and viability of Qwant.
    - gabaix 5y ago
      Neither 'diversion of public funds' (I believe you mean embezzlement) nor 'money laundering' would fit the description. This is more akin to 'poor use of public funds', which is also common in the US, and equally frown upon.
      - eloisant 5y ago
        I think the term he's looking for is Embezzlement of Public Funds indeed. It's not just "poor use of public funds", but illegal use of public funds. For example when a public institution picks a supplier in an illegal manner (i.e. picking a friend instead of respecting the process for a public contract, or using public funds for personal benefits).
        coliveira 5y ago
        You mean like when US government gives billions of dollars to bankrupt companies? Maybe the French are getting cues from Washington.
        natmaka 5y ago
        'Embezzlement' seems harsh, 'crony capitalism' (collusion between a business class and the political class) is IMHO the cause here.
- xNeil 5y ago
  > Qwant should be dead, it is said most of its index is served by Bing anyway. Almost all search engines apart from Google use the Bing Index, including DuckDuckGo, Ecosia, Excite, Lycos, and Yahoo! Search. [1] [1]: https://en.wikipedia.org/wiki/List_of_search_engines https://en.wikipedia.org/wiki/List_of_search_engines
  - deleted 5y ago
    [deleted]
  - ErrrNoMate 5y ago
    This might be of use to you also: https://searchenginemap.com/ https://searchenginemap.com/
    - xNeil 5y ago
      That's an excellent website, thank you very much for your suggestion!

They’re begging to sell 5-7.5% of the compny for €8m? Sounds like it is time for Qwant to give up.

by belatw 5y ago

They’re begging to sell 5-7.5% of the compny for €8m? Sounds like it is time for Qwant to give up.

It's all political and diversion of public funds (if that's the correct English term, I edited "money laundering" out). Qwant should be dead, it is said most of its index is served by Bing anyway (they used to hide it for years and lie about their own indexing stats).

GordonS 5y ago
Can you substantiate these (seemingly bizarre) claims of money laundering?
- bleuarff 5y ago
  France has invested a lot of money into this company. And it was approved to become the official search engine on many state administration's computers, even after an audit revealed the terrible quality of their product. Things are a bit shady around Qwant, and this is ground for all kind of suspicions (not that I'm endorsing any).
  - GordonS 5y ago
    That does not fit any definition of money laundering. It sounds more like decisions are being made based on politics, presumably with an eye to the long-term improvement and viability of Qwant.
  - gabaix 5y ago
    Neither 'diversion of public funds' (I believe you mean embezzlement) nor 'money laundering' would fit the description. This is more akin to 'poor use of public funds', which is also common in the US, and equally frown upon.
    - eloisant 5y ago
      I think the term he's looking for is Embezzlement of Public Funds indeed. It's not just "poor use of public funds", but illegal use of public funds. For example when a public institution picks a supplier in an illegal manner (i.e. picking a friend instead of respecting the process for a public contract, or using public funds for personal benefits).
      - coliveira 5y ago
        You mean like when US government gives billions of dollars to bankrupt companies? Maybe the French are getting cues from Washington.
      - natmaka 5y ago
        'Embezzlement' seems harsh, 'crony capitalism' (collusion between a business class and the political class) is IMHO the cause here.
xNeil 5y ago
> Qwant should be dead, it is said most of its index is served by Bing anyway. Almost all search engines apart from Google use the Bing Index, including DuckDuckGo, Ecosia, Excite, Lycos, and Yahoo! Search. [1] [1]: https://en.wikipedia.org/wiki/List_of_search_engines https://en.wikipedia.org/wiki/List_of_search_engines
- deleted 5y ago
  [deleted]
- ErrrNoMate 5y ago
  This might be of use to you also: https://searchenginemap.com/ https://searchenginemap.com/
  - xNeil 5y ago
    That's an excellent website, thank you very much for your suggestion!