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This is an interesting industry. > “We always knew this thing had an expiration date,” he told the friend, complaining that some clients had asked to shift the
by pm90 5y ago
This is an interesting industry.
> “We always knew this thing had an expiration date,” he told the friend, complaining that some clients had asked to shift their contracts to lesser-known rivals, according to a person familiar with the conversation.
I guess if you have this perspective, you want to maximize revenues and IPO before your product gets misused and invites US sanctions.
I wonder what the reaction would be if this was a US company and not an Israeli one. Apple would still sue them, of course. But they couldn't be sanctioned by USG, right?
- yardie 5y ago> I wonder what the reaction would be if this was a US company and not an Israeli one. For hacking into a US official's phone without a warrant? They would go to jail.
- trhway 5y agoThis is why that mutual practice that say British spy on US companies/people, and US in exchange spies on British companies/people, and both thus don't violate their own laws. My understanding is that various US private, political and government forces have been using Israeli private physical and cyber security/intelligence services like NSO against US targets in particular for that reason. For example: https://en.wikipedia.org/wiki/Black_Cube#Iran_Nuclear_Deal_and_President_Donald_Trump_(2017-) https://en.wikipedia.org/wiki/Black_Cube#Iran_Nuclear_Deal_a... "In 2017 aides to U.S. President Donald Trump had contracted with Black Cube in order to undermine the Iran Nuclear Deal by discrediting two of former Obama administration officials such as Colin Kahl and Ben Rhodes."
- fennecfoxen 5y ago> I guess if you have this perspective, you want to maximize revenues and IPO Why would you IPO this business? Disclosures associated with the IPO might accelerate the expiration date, you don't need the capital, and IPOs cost real money, which you could instead move into your own pockets. What does it bring — besides lowkey defrauding investors, who don't know what they're getting theirselves into, so they can be left with a worthless business at the end of the game?
- cjfd 5y agoWhat would happen if it was a US company? Probably they would be forbidden from selling anything outside of the US. Remember what the US did with crypto exports for decades? Next, if you tried to investigate anything that it was doing, you would be persecuted relentlessly by the US government. Note what happened to Julian Assange. It really is not like the US government is a nice organization or anything.
- KKKKkkkk1 5y ago> What would happen if it was a US company? Probably they would be forbidden from selling anything outside of the US. That's just false. The NSA bought the Swiss company Crypto AG and has been selling backdoored crypto devices all over the world for decades before being found out.
- deleted 5y ago[deleted]
- lazyasciiart 5y agoThat doesn't seem like a similar enough story to contradict anything here.
- HillRat 5y agoA US company wouldn't be selling a CCL-restricted product to a foreign state without going through USG review -- or at least, they'd get to do that once, before DOJ comes in with the search warrants.
- jessaustin 5y ago...maximize revenues and IPO... According to TFA their real trouble comes from the massive loans they took in order to take the firm private. If CEO really said the above, he seems really squirrelly.
- Sporktacular 5y agoWould depend on the US government of the day. Hacking Team and Finfisher weren't US based, they attracted lots of shit from their governments and the EU where they were based. The reaction so far doesn't seem to be negative just because they are Israeli.