Re:Beeper acquired by Automattic (WordPress)
by markx2 on Tuesday April 09, 2024 @01:43PM
(#39982002)
They approved the tumblr deal.
Matt promised targets.
Every target was missed and financially the deal was a failure.
The board then stopped any further acquisitions.
I would guess that texts / beeper were cheap and that Matt is looking at a very very long time to profit. He was once a fan of the 'pizza/team' ratio that Bezos/Amazon pushed, so maybe that's where he is looking.
Matt promised targets.
Every target was missed and financially the deal was a failure.
The board then stopped any further acquisitions.
I would guess that texts / beeper were cheap and that Matt is looking at a very very long time to profit. He was once a fan of the 'pizza/team' ratio that Bezos/Amazon pushed, so maybe that's where he is looking.