Spyke

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Komoot Acquired: History Says This Won't End Well

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from the article:

Evernote: Acquired in January 2023, in July 2023 Bending Spoons laid off all Evernote staff and transferred the operations to Bending Spoons HQ.

Mosaic Group: Acquired in January 2024, immediately laid off all 330 staff members, folded operations into Bending Spoons HQ.

WeTransfer: Acquired in July 2024, in September 2024 laid off 75% of all staff.

MeetUp: Acquired in January 2024, in February 2024 laid off a “significant” portion of the workforce

Brightcove: Acquired in November 2024, yesterday, March 19th, laid off 2/3rds of US employees

komoot knows what they're in for

android

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Android malware scam victims lost more than S$10 million in first half of 2023: Police (Singapore)

As a Singaporean, I'm shook that the system can be broken so seemingly easily.

As for a human being (myself) it is hard as it is to transfer my CPF (similar to a pension fund) for payments such as housing, medical, investments etc without having a million OTPs, gov app (Singpass) verifications etc.

All things considered, $100+K out of $10M is ~1%, is not much for scam amounts lost from CPF (pension).