1. Why Google Really Spent $625 Million on a Company Generating $92 Million in Revenue

    Why Google Really Spent $625 Million on a Company Generating $92 Million in Revenue

    Google cloud boss Diane Greene Google’s $625 million acquisition of Apigee announced in September hasn’t closed yet, but should be done after Apigee’s November 8 stockholder meeting, someone familiar with the matter told Business Insider. That will be a relief to Apigee employees, whose morale was pretty low when the company went public in 2015 ...

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    1. It was very demoralizing, the day before the IPO, they reverse split the stock by 8x. That was a jerk move to be very honest, but at the same time, the company wouldn't have IPO'd if they didn't do that.
    2. Apigee has always been hanging on by a thread.
    3. Why is this the first thing Diane bought? And why would Google pay the most money for Apigee when no one else would pay that much? Because Google is dead last in cloud, and behind on every metric. It's not like Google needed an API platform.
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