leopards and spots
something about leopards and spots comes to mind for some reason?
UK-headquartered Kape Technologies announced on Monday it has acquired ExpressVPN in a $936m (£675m) cash and stocks deal, a move it claims will double its customer base to at least six million. In a canned statement, Kape said combining the two companies would "create a premium consumer privacy and security player," and that …
So.. doubling user base to 6 Million... Implies they are buying 3 Million users.. at a cost of $300/user.
Now calculate revenue and profit that these users may bring....
"most popular plan" is $100/year for ExpressVPN VPN service... so.. Kape Technologies is paying 3* GROSS ANNUAL REVENUE .
How can this make sense? They can watch all your traffic (so much easier with a VPN) and build up profiles.. that they can sell adverts to....
It appears that one of the head honchos of ExpressVPN, Daniel Gericke, may be the same Daniel Gericke who was charged by US authorities today for hacking US citizens on behalf of the UAE government.
I am not an IT tech in any way but I would say that in general, any small successful outfit has a potential few years to become really good at what they do. Then the arseholes and parasites buy them out and either kill them off as potential competitors or turn them into a bag of useless shite.
Anything bought up by Google, MS or FB will suffer this fate. Fucking parasites the lot of them.
Biting the hand that feeds IT © 1998–2021