HubSpot shares dropped 12% after reports that Alphabet is no longer pursuing an acquisition.  Bloomberg cited sources saying there were no detailed discussions about due diligence between the compa...

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- HubSpot shares dropped 12% after reports that Alphabet is no longer pursuing an acquisition.
- Bloomberg cited sources saying there were no detailed discussions about due diligence between the companies.
- Representatives from both HubSpot and Alphabet did not respond to requests for comment.
- Regulatory pushback has affected other tech deals, including Amazon's and Microsoft's recent acquisitions.
- HubSpot's rapid growth contrasts with Alphabet's, with HubSpot reporting over 20% revenue growth for the past six quarters.

HubSpot Shares Plunge 12% as Alphabet Shelves Acquisition Plans

Journalist

HubSpot Shares Plunge 12% as Alphabet Shelves Acquisition Plans- Grapevine

For context: Google had $305B in revenue in 2023 of which $240B (78.8%) came from advertising revenue, majorly selling to SMB.
Hubspot had revenue of $2.17B from selling sales and marketing tools.

One of the biggest challenges today is:
- Correctly identifying who is the visitor on your website
- Identifying other social signals of the reader of your content
- Recording it in a streamlined way in the CRM
- Retarget the same audience at a later point in time through other channels.

The problem attributes towards the advertising spend directly to consumer acquisition and sales without a connection to the SMB’s CRM. If Google owned a CRM they could plumb in any Google advertising to automatically provide attribution.

This would allow the SMB to have that direct proof of performance of customer acquisition and potentially sales data. The end result would be more SMB customers and larger spends by those customers.

Future is in content-led inbound marketing. If the deal is successful there is a massive shift towards hyper-personalized content marketing.

Why Google would acquire Hubspot?

Software Engineer

Will we be seeing all the LinkedIn post flooding with 10 things to learn from  this -
like it happened during the earlier proposed acquisition

Adobe abandons $20 billion acquisition of Figma

Associate Product Manager

Welcome to Indian Startups's Private Community

What changed for you post acquisition and how did it change your lives

Context: worked at a small startup getting acquired soon by a publicly listed company

Anyone who worked at a startup then got acquired by a big company?

I was working in a startup, but I left only after a couple of years. 😅 That startup got acquired by a big company some years after I left.  
  
 My co-workers who stayed till the acquisition, their life changed in two ways at acquisition: 
  
 1. Each of them got USD $1 million cash in exchange for the e-sops / equity they owned  
  
 2. On acquisition, their salaries immediately got doubled by the acquiring company, in line with the company's salary bands 
  
 So there, that's how lives change on acquisition. 😄

Staff Engineer

Software Developer

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days).
We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting.

We’ll pay 2022 bonuses and remaining vacation time. 
We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. 

Outside the US, we’ll support employees in line with local practices.

Google layoff details

A friend of mine just got a ESOP buyback opportunity. Thing to note here is that the startup is just under 3 Years Old. Thoughts?

ESOP Buyback

Program Manager

Welcome to Office Gossip's Private Community

Just found out that Dealshare isn’t doing great

Product Owner

- Character.ai is pivoting from building AI models to enhancing its consumer products following Google's $2.7bn deal. 
- The company's new interim CEO, Dominic Perella, revealed that the focus will now be on their popular chatbots. 
- This decision comes after Google hired 20% of Character.ai's staff, including co-founders Noam Shazeer and Daniel De Freitas. 
- With the funds from the Google deal, Character.ai bought out its investors and distributed company ownership among employees. 
- The company plans to continue AI research and is hopeful of avoiding antitrust concerns.

Source: [Financial Times](https://www.ft.com/content/f2a9b5d4-05fe-4134-b4fe-c24727b85bba)

Character.ai Shifts Focus to Consumer Products Post $2.7bn Google Deal

VC here. Doing this for fun.
Don't take all views seriously.

Comment a startup's name, I'll share if it's promising or whatever I know

Analyst

Waymo, Alphabet’s self-driving technology unit, laid off 137 employees in its second round of layoffs this year, the company reported on Wednesday, bringing the total number of layoffs for the year to 8%.

As part of the cuts, Waymo has eliminated some engineering roles to “focus on commercial success,” the company said in a statement.

Is second round of layoffs in #Google started?

Support Specialist

Competitors like Sharechat seem to be struggling with string of layoffs and founders jumping ship. 
Is Daily Hunt also in the same boat?
They hired Umang Bedi from Facebook but has he been able to turn it around.

How is Daily Hunt doing?

Meta, Amazon, Microsoft, Netflix done. Hope Apple and Google don’t feel fomo 😭

Amazon, Salesforce layoffs

Freshers impacted in software/product and data science profiles. Day 1 company in all colleges. Placement season is almost over everywhere and now these students are without a job just days before their joining date. No severance too unlike layoffs. 

Used to pay a lot though, 30 lakhs base salary for SDEs and 15 for product analysts after taking gruelling overnight interviews.

Heard internally there struggling a lot which is reflected in their stock price which is halved from 2021 despite a bull run in US tech companies in the same period.

Note to anyone thinking of getting into sprinkr(obviously in future cause they showing middle finger now): join only if you want to work like a donkey in exchange of lots of money.

Sprinklr revoked 150+ offers accross IITs, NITs, BITs and other tier 1 colleges.

Calm down. A person who cracked a 30 lpa offer will do well in life regardless of whether Sprinklr is a heartless corp or not. Fuck them.

Product Manager

Atleast not in the form it is now. Found a rare good post on LinkedIn via Twitter which lists the reason why i think so. Also, I was reading psychology of money and one of the chapters discussed how GE used to be the most valued company in 2000s and how within 20 years, everything went to manhole.

Google is seriously going through a leadership crisis. I hate Pichai from the gut. We Indians like him coz he's brown munda, but I have never seen such narrow minded CEO since Balmer.

Hot Take: Google will not exist in next 30 years

Many other xooglers raised these leadership issues earlier. 
 Meanwhile, tier2/3 kids are burning midnight oil to land up in Google to start YT channel

Heard from someone that Google is extensively lowballing new hires, providing way lesser average base pay and stock grant as compared to 2023/2022. They are taking advantage of a bad job market. Is the brand name still worth it?

Google lowballing

Google is sick 🤢 !! 700 million to fire people.

Product Designer

Sharechat raises 50M USD via Convertible Debentures from existing investors. The picture isn't as rosy as what it seems. Plus, twitter bio suggests that they are now positioning as an AI powered content platform? Welcome to the peak AI era. Time to jump off the AI bandwagon when normies start chanting AI AI AI.

Sharechat valuation slashed by 60% 🚨

#4 Most profitable company laying off?

Founder

Google is legendary

AlmaBetter has been struggling for the past few months. The edtech space is facing another massive dying off, I suppose, but what about this one? Upskilling will still be relevant.

HubSpot Shares Plunge 12% as Alphabet Shelves Acquisition Plans

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