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Acquisitions - [May 2020]

vinayhegde1990 profile image Vinay Hegde ・1 min read

Latest Tech Acquisitions (2 Part Series)

1) Acquisitions - [May 2020] 2) Acquisitions - [June 2020]

I'm sure most of you might be already aware by now, but I recently read about a few articles on investments/mergers/partnerships across the technology world.

  1. Facebook invests $5.7B in India’s Reliance Jio Platforms

  2. Facebook to Acquire Giphy in a $400 million deal

  3. Intel is buying urban mobility platform Moovit in a $900M deal

  4. Intel also investing $132 million in 11 startups

This is now becoming a routine trend but it'd be noteworthy to observe how these acquisitions pan out in a world that has been shaken to its very foundations. To understand more about this, I have the following questions for the Dev.to community:


  • Which of these 2 sides would benefit from such acquisitions & why?
  • How is it sustainable in a post-Covid era full of drastic changes?

Latest Tech Acquisitions (2 Part Series)

1) Acquisitions - [May 2020] 2) Acquisitions - [June 2020]

Posted on Apr 19 by:

vinayhegde1990 profile

Vinay Hegde

@vinayhegde1990

Site Reliability Engineer with 5+ years of experience. Otherwise an avid artist, reader, cinephile & football fan. Looking forward to connecting with everyone :)

Discussion

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Yeah the purchase of Giphy by FB that sure came as a bit of a shock ... another one is the recent acquisition of Keybase by Zoom ... people with a love for small independent companies must be feeling the hurt these days.

 

I agree, the takeover of Keybase by Zoom & Giphy by Facebook are classic examples of "big fish gobble up small ones".

As an end-user aware of developments like these, would you still continue using those products or look for alternatives?

 

I'll keep using it as long as it works and as long as they don't mess it up ... regarding Keybase, I was just an occasional user anyway, as for Giphy, well there are alternatives, but none of these apps are critical for me, as long as it works and they don't make it annoying to use I'll just keep using it.

Unless they crash & burn like Wunderlist being acquired by Microsoft, this is valid reasoning as any

 

Are you going to convert this into a series?
Cause that'll be really great!

 

Yes Aniket if I get a favorable response to this, I'd surely consider making a series.

 

moovit

I wonder if we're inching ever closer to legit self-driving, and maybe we see some movement, consolidation in the space.

 

while self-driving sounds straight out of a sci-fi movie & very much possible soon, wouldn't it completely shatter the ride-hailing industry (i.e: Uber, Lyft, Ola etc) by rendering all of their drivers unemployed?