this post was submitted on 20 Aug 2024
1188 points (97.8% liked)
Technology
59972 readers
2432 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
There are a lot of unprofitable startups that get purchased speculatively based on other factors like their user count. The idea being the buyer thinks they can monetize.
This was more like a merger with Google being the larger company. YouTube was already very successful.