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acquisitions: addendum

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Wouter Groeneveld 2023-10-18 15:13:17 +02:00
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@ -25,6 +25,8 @@ But these are tech companies, of which we almost expect this stupidity to happen
It gets worse. Even a small local organic bakery that started out in their personal kitchen a few years ago somehow had to "grow" by franchising out to different towns. Guess what, now they're bankrupt. I've seen the bakery industry acquire smaller bakeries that are struggling but still worked hard to serve their customers unique delicious products that now have been replaced by bland squishy bread that I don't even want to give to our chickens. A good and logical evolution, wouldn't you say?
Even our tiny daycare, part of a larger Flemish daycare network, next year has us slogging through yet another administrative tool because, guess what, the network was bought up and is now part of an even bigger network. Another potential problem this causes is data leakage: do you know what happens to your data when another company swoops in and grabs everything? That bigger network no doubt has all our and our child's information now, with or without our consent. I wonder what Microsoft does with their recently acquired LinkedIn and GitHub data. Great sets to mach using AI, no doubt.
Why can't people just be content with their yearly revenue? Why does everything have to be bigger---and clearly, _not_ better? If the revenue curve doesn't go up each year, blind panic seems to help us gravitate towards that poisonous philosophy: why not try an acquisition or two to give sales a healthy boost? The more I think about this, the more I get sick of the way (we seem to accept that) this world works right now.
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