at what point do we admit passing on the Zoom deal might’ve been a huge mistake for shareholders and the company? all we see now is mostly layoffs, low morale and a sinking ship talk. how does everyone think it would’ve turned out? Zoom CX seems to be doing just fine without us
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Rowan and Barry Z tried to pull a fast one with a horrible deal.
Zoom is a complete mess, if you think Five9 has its challenges (every company does) then Zoom would blow your mind
I’m an ex-Five9er, now at zoom. Let me tell you, it’s painful.
@dk exactly. Management might be bad on both sides but at least exceptional employees who would survive the transition ultimately wouldn’t have been sc--wed financially. He-l, we probably would’ve even got a nice pay bump and a resume boost in the process
@dc Rowan also said the vote to reject the acquisition was also Five9 'backing itself in the market', which obviously was a horrible move for stakeholders, right down to the employee level financially since they would've been paid handsomely for the acquisition. Fast forward 4 years later and its lay off after lay off then a PE CEO comes in to shape up for acquisition. Hilarious self destruction
I still vividly remember the words of Rowan (former CEO of Five9), who said that shareholders would regret this decision in the future when the acquisition bid was voted down.
Zoom management were smart enough to invest in Anthropic when they were smaller for 1.2% equity stake at $53m (now worth $9bn) while five9 did zero intelligent investments. But yes they would've acquired and sacked a bunch of people had the acquisition of five9 gone through immediately lol
Zoom was never going to work out, one set of bad management traded for another
Zoom is a paper tiger. Those thinking that they wouldn’t have been made redundant faster than they are now are delusional
Most of us would be gone and replaced by Zoom people.