*yet

They will at some point just cash out.

They've been at this for a while. They do have offerings you subscribe for and pay monthly. They have also consistently offered an option for each of those offerings to bring your own or self host. They've earned my trust.

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asdff a minute ago | parent | next [-]

Anything can be sold to PE.

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roamerz 2 hours ago | parent | prev | next [-]

>>they’ve earned my trust

Boy I hope Broadcom didn’t hear that…

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close04 an hour ago | parent | prev | next [-]

Recently they removed the option to take certain types of backup locally (for the Network app). Now it only does it to the cloud, for those who allow this. It’s these small things that make me cautiously pessimistic that long term Ubiquity won’t pull the rug from under the customers.

Once you invest thousands in network equipment or cameras you’re less likely to jump ship when they start sneaking things in. And this is long lived equipment, not the kind you anyway replace every couple of years. So that’s a relatively strong lock-in.

	▲	KetoManx64 an hour ago \| parent [-]
		They would be shooting themselves in the foot in the long term. I was surprised to learn that Ubiquiti is a publicly traded company, but also the CEO and founder owns the mass majority of the shares, so he is not beholden by shareholders wanting to enshittify the company for the same of increased stock prices.

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softfalcon 3 hours ago | parent | prev [-]

I tend to agree with you.

In my opinion, as long as the majority of their profits come from people continuing to buy the self-host devices, it is fairly unlikely they'll ever stop offering those devices. Why change a working business model?

Yes, subscription models are enticing for that recurring revenue... number must go up, right? /s

If a majority of your sales are not in subscription products though, I think it would be foolish for a business to blow off its own leg trying to chase that particular dragon.

Then again... businesses have made dumber calls in the past out of nowhere...

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nemothekid 2 hours ago | parent | prev [-]

They are already a public company.

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oseityphelysiol 16 minutes ago | parent | next [-]

93% owned by the founder.

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Hamuko an hour ago | parent | prev [-]

You can take a public company private and then run it to the ground. See also: Twitter.

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lostlogin an hour ago | parent [-]

How does that work now they are a subsidiary of SpaceX?

Does that make the rotting corpse of Twitter public again?

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Hamuko 32 minutes ago | parent [-]

Yes. Although the amount of SpaceX stock that's available for public is fairly little.

	▲	victorbjorklund 16 minutes ago \| parent [-]
		And those classes available for the public has less voting rights than Elons stock so even worse.