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submitted 7 months ago by Star@sopuli.xyz to c/technology@lemmy.world

All skiff users have received a mail in this regard and Skiff has also tweeted about the same.

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[-] TheImpressiveX@lemmy.ml 20 points 7 months ago

I've seen this happen far too many times.

Acquired/Acqui-hired

Examples: GeoCities, Posterous, Brace.io, Roon, Viddy, Qwiki, Yahoo! Voices, Blip.tv, Giphy

Situation: Company A buys Company B, employees and all. Together, they will continue their incredible journey to make the world a better place. A few months/years/seconds later, Company B is dead and its employees are either laid off or reassigned to Company A projects.

https://wiki.archiveteam.org/index.php/A_Million_Ways_to_Die_on_the_Web

http://ourincrediblejourney.tumblr.com/

[-] nutsack@lemmy.world 11 points 7 months ago* (last edited 7 months ago)

I've worked at companies like this. Company B might actually be turning a good profit and benefiting millions of users in a charitable space, but it would look bad on the books to sell it, and it lowers the value of the company overall to keep it.

Belligerent toilet capitalism.

this post was submitted on 11 Feb 2024
331 points (98.0% liked)

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