Buy a company which already has a vast historical user base and a well known brand for fuckall because it’s dieing, then make it good again and sell it off for more than fuckall.
Comment on Bending Spoons to acquire AOL
fubarx@lemmy.world 2 days ago
Can someone plausibly explain the Bending Spoons business model?
Big chunk of debt financing for decrepit brands with old tech. Other than strip-mining user data, I can’t figure it out.
rizzothesmall@sh.itjust.works 2 days ago
mormund@feddit.org 2 days ago
They, as far as I’m aware, are not reselling like private equity would. They actually take over operations and get ROI through profits.
comador@lemmy.world 2 days ago
The idea here is to rebrand and modernize AOL as a gmail and cyber security alternative with decoupled infrastructure from US dependencies: A highly political topic in the EU currently.
Munkisquisher@lemmy.nz 2 days ago
What should we call our service so people are clear it’s free of American influence… Hmmm ‘America On Line’
fonix232@fedia.io 2 days ago
Europe On Line? EOL? End of line.
Passerby6497@lemmy.world 2 days ago
EOL? Y’all are going with an End Of Life service? Bold move cotton.
mriormro@lemmy.zip 2 days ago
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_edge@discuss.tchncs.de 2 days ago
I believe Europe Online was a service about the time when AOL was a thing
comador@lemmy.world 2 days ago
Doesn’t mean they will keep the name for EU customers. The value there is in the IP and the infrastructure configuration.