this post was submitted on 11 Feb 2024
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All skiff users have received a mail in this regard and Skiff has also tweeted about the same.

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[โ€“] TheImpressiveX@lemmy.ml 18 points 9 months ago (1 children)

I've seen this happen far too many times.

Acquired/Acqui-hired

Examples: GeoCities, Posterous, Brace.io, Roon, Viddy, Qwiki, Yahoo! Voices, Blip.tv, Giphy

Situation: Company A buys Company B, employees and all. Together, they will continue their incredible journey to make the world a better place. A few months/years/seconds later, Company B is dead and its employees are either laid off or reassigned to Company A projects.

https://wiki.archiveteam.org/index.php/A_Million_Ways_to_Die_on_the_Web

http://ourincrediblejourney.tumblr.com/

[โ€“] nutsack@lemmy.world 10 points 9 months ago* (last edited 9 months ago)

I've worked at companies like this. Company B might actually be turning a good profit and benefiting millions of users in a charitable space, but it would look bad on the books to sell it, and it lowers the value of the company overall to keep it.

Belligerent toilet capitalism.