1y ago

IBM selling The Weather Channel and the rest of its weather business

www.cnbc.com IBM selling The Weather Channel and the rest of its weather business

IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.

IBM selling The Weather Channel and the rest of its weather business::IBM will sell The Weather Company to Francisco Partners, a tech-focused private equity firm, for an undisclosed sum, it announced Tuesday.

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Same firm that acquired LogMeIn (LastPass) and MyFitnessPal--and after those acquisitions both MyFitnessPal and LastPass quickly moved to worsen the free tiers of services in favor of their paid subscription models.
- That's incredible. Both of those apps INSTANTLY became so much worse after they were bought out.
  
  plus ça change with software disaster capitalism as always
  there'll always be another app to ruin to make a quick buck
  
  There's always blood to squeese.
- LogMeIn has way more free offerings now than just a couple of years ago. Source: used to work at LogMeIn. You are talking out of your ass.
  
  Maybe they just think you did a bad job...
  (That's a joke)
  
  I don’t mind. but I’m pretty sure they are conflating two entirely different events: one was the almost complete removal of the free tier of the original LogMeIn, which at this point happened probably 10 years ago? LogMeIn (now GoTo) was privatized and sold two-ish years ago, maybe less.
  
  Sorry! I conflated LogMeIn with a specific LogMeIn product, LastPass (Francisco acquired the whole thing but I'm only familiar with LastPass). To clarify, the free tier of LastPass was made less useful following acquisition, particularly with the limitation to a single device.
  
  Wow, that’s a load of crap for sure. Not that it’s entirely unexpected tbh. LastPass was bought for the large userbase and the plan was to figure out later how to monetize them. Lots of hand-waving, little substance. Initially the lastpass teams were beefed up so much they filled all free space in the office. That lasted less than a year (which is around when I left). The embarrassing security incidents started after that. They really fumbled this, overall. Which is a shame, I used to be an early LastPass user, but moved on to 1pw long ago.

77 comments