Stack Overflow Sold to Tech Giant Prosus for $1.8 Billion

modi123

Supreme [H]ardness
Joined
Sep 6, 2006
Messages
6,148
Well this is pretty big news. Honestly I haven't heard of Prosus, but it looks like I should keep my head up and look out for them. Definitely they are buying up a ton of stakes in companies, and all that wraps up to the South African company Naspers. The real question is how long will stackoverflow stay the same or what will subtly change over time.

Prosus NV said it struck a $1.8 billion deal to acquire Stack Overflow,
[...]
Prosus, one of Europe’s most valuable tech companies, is best known as the largest shareholder in Chinese internet and videogaming giant Tencent Holdings Ltd. Listed in Amsterdam, Prosus signaled its appetite for deal making when it sold a small portion of its equity stake in Tencent in April for $14.6 billion. The Stack Overflow deal ranks among Prosus’ biggest acquisitions.

Prosus invests globally across a range of online platforms focused on areas such as food delivery, classifieds and fintech. It also maintains a more than $200 billion holding in Tencent. Prosus’ parent company, Naspers Ltd. , acquired the Tencent stake in 2001 for $34 million.

The Stack Overflow deal is Prosus’ first outright acquisition in the educational tech space. Prosus already owns stakes in two educational tech companies—Udemy and Codecademy—servicing companies. It is set to make an investment in Skillsoft,
https://www.wsj.com/articles/softwa...ant-prosus-for-1-8-billion-11622648400?page=1

The claim is nothing will change, but how often does that really live up to the hype?

Spolsky elaborated in a blog post (aptly titled “Kinda a big announcement”) on his personal site, writing:

Today we’re pleased to announce that Stack Overflow is joining Prosus. Prosus is an investment and holding company, which means that the most important part of this announcement is that Stack Overflow will continue to operate independently, with the exact same team in place that has been operating it, according to the exact same plan and the exact same business practices. Don’t expect to see major changes or awkward “synergies”.
https://techcrunch.com/2021/06/02/stack-overflow-acquired-by-prosus-for-a-reported-1-8-billion/

Quick wiki links on the company and parent company.
https://en.wikipedia.org/wiki/Prosus
https://en.wikipedia.org/wiki/Naspers
 
Joined
May 27, 2017
Messages
607
The question is, if they do change how would it change? Surely not the way of expert exchange. They couldn't be that dumb.
 

silentsod

Limp Gawd
Joined
Dec 28, 2010
Messages
346
SO has been going downhill for a while, IMO.


I prefer the old harsh moderation and unforgiving atmosphere over the current ruleset which is trying to be newbie friendly.
 

MrGuvernment

Fully [H]
Joined
Aug 3, 2004
Messages
20,055
SO has been going downhill for a while, IMO.


I prefer the old harsh moderation and unforgiving atmosphere over the current ruleset which is trying to be newbie friendly.
They have to keep new people coming in to keep any interest in them going, having all old bitter people will just scare everyone else off and then you are left with nothing because all the snowflakes leave and go join some linkedin group instead :D
 

GoldenTiger

Fully [H]
Joined
Dec 2, 2004
Messages
21,078
They have to keep new people coming in to keep any interest in them going, having all old bitter people will just scare everyone else off and then you are left with nothing because all the snowflakes leave and go join some linkedin group instead :D
Yeppers, gotta hit that insecure teenagers market hard and be carebear to keep them. You could hurt their feelings otherwise, oh no!
 

modi123

Supreme [H]ardness
Joined
Sep 6, 2006
Messages
6,148
The question is, if they do change how would it change? Surely not the way of expert exchange. They couldn't be that dumb.
I have to wonder if they may implement some for-pay-tiered structure. 'Stack-overflow-as-a-service' SOAAS!

Yeppers, gotta hit that insecure teenagers market hard and be carebear to keep them. You could hurt their feelings otherwise, oh no!
Or, you know, discourage anyone looking to dip their toes into programming and not pursue it because some crusty graybeard felt it was his honor and right to slam some greenhorn's question. They don't need to just be teens, but plenty of adults get shut down and sent packing to never return.
 
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