Yeah, right because this company that swooped in to do the saving did it out of the goodness of their hearts and did not see any benefit to doing so whatsoever.
Well, if this company happens to be a publicly held company then its investors should be mad about this habit of going in and buying companies that are not of value to them.
But I bet they did see a value, but where there is value there can also be liabilities and you have to assume both of them. You don't get to choose just the value.
I never said they did it from the goodness of their hearts.
I said, they swooped in - then ceased all sales of Revolv products. I have no insight into why - but perhaps they figured Revolv nearly went bankrupt selling these damn widgets, why would we keep selling them as well. But then instead of shutting the servers down right then, decided to pay to keep them running for nearly 2 years.
I'm sure they had rational reasons for buying Revolv, even if the product never took off.
And perhaps they had reasons for delaying the shutdown for two years.
See, that's the thing I don't get - the company basically failed - somebody comes in and buys it up, and keeps the lights on for two years, possibly to avoid exactly the nerd rage we're seeing now. But then the nerds rise up and rage anyway =).
Hell hath no fury like a nerd with a grudge...haha.
Seriously, some of the things that we as a company get up in arms about - if you actually talk to mainstream people, they're like, huh?
The picture you paint is confused at best. It's clear that the company had some assets that made it worthwhile to "swoop in" instead of allowing the company to shutter and to buy the assets in a fire sale during bankruptcy.
But it appears that those assets were not it's products, and not it's customers. So, now that they own the company, and the relationships with the customers, they decide to not honor their product with those customers.
I suppose that's fine. But you should not be surprised if people read that as a signal that Nest will do the same thing with any of their other products.
Well, if this company happens to be a publicly held company then its investors should be mad about this habit of going in and buying companies that are not of value to them.
But I bet they did see a value, but where there is value there can also be liabilities and you have to assume both of them. You don't get to choose just the value.