They’re not private equity… they’re like a bottom tier tech conglomerate that’s been growing rapidly lately. They most famously bought Evernote.
They buy apps/products that mature and don’t need a lot of work, fire all the workers and hire a skeleton crew to manage them in a cheaper labor market.
They also harvest data from the apps and resell it.
They buy apps/products that mature and don’t need a lot of work, fire all the workers and hire a skeleton crew to manage them in a cheaper labor market.
They also harvest data from the apps and resell it.