panda888888
Joined 9 years ago
Joined 9 years ago
This is in contract to a taxonomy, which is hierarchical:
(upper-level category): Sandwiches
(sub-type): peanut butter & jelly
(sub-type): grilled cheese
(sub-type): BLT
(upper-level category): Soups
(sub-type): tomato
(sub-type): chicken noodle
Taxonomies are kinda boring because they're just hierarchical lists.
Ontologies are cool; the relationships are usually the important thing.
Companies pay obscene amounts of money all the time for things don't end up using. Google does it all the time. Was Disney acting a fool here? Absolutely. But is it within their rights to do so? Also yes. (I'm actually kinda surprised they didn't sunset it sooner, since I don't think it was making much money.)
I don't view his post as useful or insightful, but instead view it as demonstrating a lack of understanding of normal business practices. It's like he didn't anticipate that this could happen, whereas it's always a risk when you sell out. The exact same thing has happened to lots of other small blog/media outlets, like Kara Swisher's Re/code. This isn't an unexpected situation, but he's acting like it is. And that simply demonstrates a lack of maturity.
A mature person would be disappointed, vent to their close friends/spouse, and then shut up about it. They wouldn't publish a long blog post to air their grievances.
I personally don't love ESPN/Disney/ABC, but basically all major corporations that make acquisitions do this. Google does it all the time. It's very clearly a known risk when you sell a startup. I don't have much sympathy.
No surprises here, no sympathy from me, and his blog post reads like he's a sore loser.
(Disney sucks and isn't blameless, but this is very much a standard business practice.)
If a company wants to buy another company and sunset it, that's a normal business practice. I get that it's disappointing, but in no way is this "mistreatment." At least to me, this is a perfectly normal business situation that doesn't merit this level of complaining. It reads as an ex-employee being petty.