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A comment on Snap lays off 20% of employees. Parent comment

Re:Snap lays off 20% of employees by jollybean on Wednesday August 31, 2022 @01:19PM (#32665406)
$300M is too much for an acquire unless they are super AI scientists who have know-how that's worth a few billion.

$30M - maybe. If they have 30 person team and they are really good.

I remember that deal and it stunk. It feels like one of those pilfering Private Equity deals where someone is getting payback for something or the other.

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Re:Snap lays off 20% of employees by Melatonic on Wednesday August 31, 2022 @03:07PM (#32666891)
Or it was to kill off the competition intentionally. They may have seen Zenly as a major threat at some point.
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Re:Snap lays off 20% of employees by aabhay on Wednesday August 31, 2022 @01:28PM (#32665551)
Divide that price by the # of users and the $300M can make sense...
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Re:Snap lays off 20% of employees by jollybean on Wednesday August 31, 2022 @01:51PM (#32665838)
They had 4M users, it's not enough unless it was growing hyperbolically, which it wasn't.
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