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This kind of stuff is annoying. Netlify had no need to acquire this. They just want to increase their revenue. As a Hugo user on Netlify, I hope this doesn't af
by awill 4y ago
This kind of stuff is annoying. Netlify had no need to acquire this. They just want to increase their revenue.
As a Hugo user on Netlify, I hope this doesn't affect me negatively.
- tmpz22 4y agoI would guess its a down-round type of acquisition at the urging of Gatsby's investors and founders. They raised 10M+, this allows their investors and founders to get some liquidity back and Netlify picks it up on the cheap.
- cfltlayoffs 4y agoYeah I've seen this for a bunch of startups that weren't profitable and struggled to close a new funding round. They pay back the VCs, the employees get zeroed out, and the execs usually get a retention bonus in the 6 figure range.
- LightHugger 4y agoIt's typical "buy and shut down competition"...
- dmix 4y agoHow exactly does Netlify shut down competition with this?
- whstl 4y agoAs some people mentioned elsewhere, the acquisition is probably more focused on Gatsby Cloud than Gatsby itself (which remains open source), and Gatsby Cloud is a Netlify competitor.
- ushakov 4y ago> Gatsby Cloud is a Netlify competitor That's a bold assumption. What's Gatsby Cloud's market share? Zero-point-something percent?
- justeleblanc 4y agoYes, companies make moves to increase revenues.