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They got bought out by a PE firm that's gobbling up registrars, DNS providers and similar. Mostly a moneygrab, so expect prices to increase and product/tech to
by sandstrom 3y ago
They got bought out by a PE firm that's gobbling up registrars, DNS providers and similar. Mostly a moneygrab, so expect prices to increase and product/tech to deteriorate.
I love capitalism in general, but PE firms are mostly a net-negative. They try to squeeze profit out of a company while owning it for 3-5 years, and then selling it at a higher multiple. They usually do this by cutting R&D, jacking up prices and cutting costs (for example moving HQ to some remote area, losing half of staff in the process, but hey, costs are down in Q3…).
Good firms are those that have stable owners and leadership over 20+ years. At that time span, it's obvious that short-sighted cost cutting and customer-hostile behavior is just stupid, which is why fewer such firms does it.
- thesnide 3y agoDepends on which perspective. On the firm perspective, it is stupid. On a "grasshopper leader" it is very clever, as they don't plan to be accountable for the long run anyway.
- KomoD 3y ago> They got bought out by a PE firm that's gobbling up registrars, DNS providers and similar. Mostly a moneygrab, so expect prices to increase and product/tech to deteriorate. They were bought again.