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submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.

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[-] to55@discuss.tchncs.de 7 points 1 year ago* (last edited 1 year ago)

Makes sense. Now they can focus more on their core business. Google recently sold it’s domain registry, I think it might be the same thing.

I think it’s fair to look at IBM with a more cynical eye. Historically it’s been “acquire, way you’ll make no changes, wait a bit, make changes that piss off 80% of your customer base.” Somewhere in there is a “reduce customer service effectiveness” step that is distinct from “make changes.”

After that it’s either “sell it off to the highest bidder” or “keep at it because who else are the customers gonna use?”

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this post was submitted on 23 Aug 2023
349 points (98.3% liked)

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