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Re:Simple Bank Is Closing by zepto on Thursday January 07, 2021 @02:23PM (#25675916)
The obvious retort would be to mention the problems with state ownership/control of companies.

However maybe you have a model in mind that doesn’t result in control ending up in the hands of the government.

If so, I’m curious!

Re:Simple Bank Is Closing by orange_tee on Thursday January 07, 2021 @03:46PM (#25677216)
Government could buy it out and sell shares back to the public, sort of like an IPO, but with some conditions attached, so that it ensures the company remains independent for a specified number of years post IPO.
Re:Simple Bank Is Closing by zepto on Thursday January 07, 2021 @04:00PM (#25677395)
How would the price be determined?
Re:Simple Bank Is Closing by PascLeRasc on Thursday January 07, 2021 @05:40PM (#25678675)
Maybe that model doesn't work, but I wish there was some government oversight preventing huge companies from buying out small competitors just to shut them down entirely. Like Apple did with Dark Sky, Microsoft did with Wunderlist, and Twitter did with Vine. It's really unfortunate that we can't have much small tech.
Re:Simple Bank Is Closing by zepto on Thursday January 07, 2021 @06:15PM (#25678999)
It seems like that wouldn’t solve the problem, because it would take away some of the incentive to create small tech in the first place!
Re:Simple Bank Is Closing by jakeva on Thursday January 07, 2021 @06:10PM (#25678956)
Dark Sky got shut down? It works for me, or do you mean something different?
Re:Simple Bank Is Closing by skygazer on Thursday January 07, 2021 @08:45PM (#25680362)
Android app was pulled. API service stopped accepting new applicants. API is scheduled to shut down. (iOS app continues to be updated, but API/functionality maybe rolled into iOS in a future version.)