Miguel de Icaza ᯅ🍉May 19
This is tragic, the fall of Bitwarden: https://blog.ppb1701.com/the-quiet-renovation-at-bitwarden
The Quiet Renovation at Bitwarden - ByteHaven - Where I ramble about bytes

Back in March, I wrote about Bitwarden doubling their Premium price — and specifically how they did it. Buried in a feature announcement. Priced in fake...

Show threadDave RahardjaMay 19

@Migueldeicaza PEs continue to be a blight to small companies. Do you continue to make a great product at a modest profit? Or do you cash out and let a bunch of M&A MBA types take your accomplishments and crush them into shit?

Sad to say, a lot of people will choose to cash out.

Show threadDan Sugalski
@drahardja @Migueldeicaza I am, at this point, absolutely convinced that the biggest issue with the modern economy is the fact that one company can buy another. Private Equity, in those instances where the previous thing doesn't apply, is a close second.
May 19 at 5:41pmWeb
Show threadDave RahardjaMay 19
@wordshaper @Migueldeicaza I don’t think mergers can be effectively outlawed, only regulated. For a company to have “value” (e.g. for debt collateral, IPO) it must be possible for it to be sold.
Show threadDan SugalskiMay 19

@drahardja @Migueldeicaza I could make a very gross US-centric argument that mergers are unconstitutional. But that aside... I'm not entirely sure that it'd be bad if companies couldn't be sold in any way other than as a corporation that sold shares.

There are plenty of ways to value a company for debt service/issuance reasons, you don't have to be able to sell the company as a going concern to do that.