They don’t really “coast” on the income. They have the engineering and desire to run their investments very long term. Of course they still fire almost everyone, so if you even get a hint of them trying to acquire your company you should start looking elsewhere…
Comment on Vimeo Lays Off 'Most' of Its Staff, Allegedly Includes 'the Entire Video Team'
Shadow@lemmy.ca 2 days ago
Bending spoons in particular is known for this, they did it with Evernote too. They buy a company, fire everyone, coast on its income as long as they can, then repeat.
AudaciousArmadillo@piefed.blahaj.zone 2 days ago
its_me_xiphos@beehaw.org 2 days ago
That’s why Evernote went the way it did? Oh, that makes me sad. That was an incredible resource in grad school. OCR saved my ass on my PhD exams. Hand written notes, scanned at the library copier, organized and OCR. Immensely useful for a test (take home) that takes three days and covers two years of classes.
I stopped using it about 5 years ago because it just started to feel off. Little things not working or a UI change I didn’t like. Plus the pricing was restrictive in a way I couldn’t justify it anymore.