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Raspberry Pi is preparing for an IPO in London for likely more than $500M (arstechnica.com)

submitted 5 months ago by ForgottenFlux@lemmy.world to c/technology@lemmy.world

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[-] TheGrandNagus@lemmy.world 352 points 5 months ago

A formerly amazing charity now abandoning their principles and going for an IPO. What a shame.

[-] AllonzeeLV@lemmy.world 128 points 5 months ago* (last edited 5 months ago)

Market Capitalism has poisoned the very core of humanity, civilization, and literally the COMMUNal environment we all rely on from one breath to the next.

Good thing the market capitalists are so fucking confident that the solution is... going harder on market capitalism. We'll just merge, monopolize, and lay off our way into human happiness and equilibrium, won't we?

That's why the owners propagating this system are building luxury bunker compounds in places like New Zealand, because they're planning to clean up their mess and have confidence in a bright future!

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[-] agressivelyPassive@feddit.de 55 points 5 months ago

And for what reason exactly? IPOs are either for owners to cash out or for the company to gather investment money. RPi doesn't really need money, they sell an extremely popular product. They literally can't produce enough product to quench the Pi thirst.

[-] originalucifer@moist.catsweat.com 31 points 5 months ago

this is the heart of the matter.

business majors are taught if youre not growing your failing. if its not quarter over quarter kpi improvements youre failing.

businesses dont get to just be. they are constantly forced into always getting bigger or more profitable apparently no matter what.

any solid little company ends up getting bought and injected into the verticle.... because humans are weak, and almost all of us have a price.

[-] Igotz80HDnImWinning@kbin.social 47 points 5 months ago

Things looked bad when they hired that cop and doubled down on his defensive BS. Now it’s arduino and esp32s for me

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[-] homesweethomeMrL@lemmy.world 241 points 5 months ago

Going public will fuck them up. Every corporate move will be tied to the stock. It will inevitably destroy them.

Which, at this point, I’m here for. Although I do miss the days when they were a force for good. Or at least nerds. Ah well. Sayonara, you insulting bastards.

[-] nodsocket@lemmy.world 107 points 5 months ago

Raspberry Pi 5 is the first model that had 0 hype online. It seems people have already started to move on.

[-] aniki@lemm.ee 62 points 5 months ago

Considering I could order an Orange Pi with 32gb of ram and still cant get a Rp5.... yeah the king is dead.

[-] Evilcoleslaw@lemmy.world 53 points 5 months ago

A couple years of not being able to buy them anywhere close to MSRP did enough damage I guess. Plus it exposed people to some alternatives.

[-] lemmyvore@feddit.nl 21 points 5 months ago

Plus the Pi5 sucks.

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[-] yggstyle@lemmy.world 35 points 5 months ago

For the price you can by a pretty competent n100 based mini PC which beats the hell out of the pi for a lot of tasks. Makers can get a cheaper solution via esp32 or clones... so what real market is there for it?

Pi isn't dead but the IPO would be a hail mary for funding while they figure out how not to go bankrupt.

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[-] redcalcium@lemmy.institute 183 points 5 months ago

I don't expect people to see any change in how we do things.

When companies say this, they'll usually do the exact opposite later down the line.

[-] bruhduh@lemmy.world 43 points 5 months ago

Enshittification be like

[-] cyberpunk007@lemmy.ca 30 points 5 months ago* (last edited 5 months ago)

Exactly that's just bullshit to make people think everything is gonna be fine. It's the stock market. People with the most shares demand you make them more money. That's how it works. So everything will be turned upside down at some point.

[-] JakenVeina@lemm.ee 26 points 5 months ago

Stating outright that you don't expect the obvious thing that always happens to happen... bro you're already giving shareholders a reason to say you're an incompetent manager and replace you with someone that will gut the company for stock growth.

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[-] bfg9k@lemmy.world 170 points 5 months ago

AAAAAAAAA I HATE ENSHITTIFICATION

WHY DO YOU ALWAYS NEED MORE FUCKING MONEY

FUCK

[-] unexposedhazard@discuss.tchncs.de 52 points 5 months ago* (last edited 5 months ago)

Its been coming for a while tho. They abandoned the affordable market long ago. Buy banana pis or other knockoffs, those have been better than the raspberry versions for a long time anyways...

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[-] toiletobserver@lemmy.world 127 points 5 months ago

You either die the hero, or live long enough to become the villain.

[-] ilmagico@lemmy.world 95 points 5 months ago

Didn't they start as a non-profit? But I guess, as someone I know used to say, there's one god everybody worships: the money god.

[-] Heresy_generator@kbin.social 64 points 5 months ago* (last edited 5 months ago)

You can still donate to them if you enjoy feeling like a sucker.

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[-] AllonzeeLV@lemmy.world 57 points 5 months ago

A non-profit in the same way OpenAI is a non-profit.

"Buy me senpai!"

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[-] bartolomeo@suppo.fi 85 points 5 months ago

Oh no, the tipping point for enshitification. First it was selling all the stock to corporate clients, now this.

[-] astral_avocado@lemm.ee 83 points 5 months ago

Oh no, please no. They were supposed to be the best of us.

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[-] Rooter@lemmy.world 70 points 5 months ago

RIP Rasbery Pi. IPO is good for investors, not for consumers.

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[-] KingThrillgore@lemmy.ml 63 points 5 months ago

RIP Raspberry Pi. Whenever-2024

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[-] xavier666@lemm.ee 61 points 5 months ago

ahh shit...here we go again

[-] ChaoticEntropy@feddit.uk 55 points 5 months ago

I don't think I've ever been excited about the IPO of a company I'm a customer of. This trend continues.

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[-] UnPassive@lemmy.world 48 points 5 months ago

My first Pi got me into computing which led to my software career now. Won it from a YouTube giveaway and kept it a secret because I wasn't allowed to have a computer. Put retroPi on it and told my parents it was for gaming. Coded my first game in Python (from a tutorial). I once put it in a crayon box and used that as a portable handheld. Later. Made a janky arcade cabinet. Sad that my kids may need to use a different brand device. I have no love for public companies

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[-] JCreazy@midwest.social 46 points 5 months ago

I lost my respect for the raspberry pi foundation when they prioritize businesses over everybody else when there was a shortage.

[-] treesquid@lemmy.world 43 points 5 months ago

I guess I better buy a new Pi before they quintuple in price for half the quality

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[-] nintendiator@feddit.cl 42 points 5 months ago

Of all the things I expected to enshittify during 2024 I certainly didn't expect we'd start with the Pi.

[-] umbrella@lemmy.ml 40 points 5 months ago

uh oh.

rpis are gonna be a subscription service now.

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[-] june@lemmy.world 40 points 5 months ago

Gross.

Anyone wanna start up a 501c3 to fill in the void?

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[-] Smite6645@lemmy.dbzer0.com 37 points 5 months ago

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[-] ryannathans@aussie.zone 36 points 5 months ago

It was nice knowing you

[-] emergencyfood@sh.itjust.works 35 points 5 months ago

CEO Eben Upton [said] "while I'm involved in running the thing, I don't expect people to see any change in how we do things."

Ah, the good old Godfather gambit.

[-] ChaoticEntropy@feddit.uk 34 points 5 months ago

Shareholders: "Do you intend to price gauge your customers?"

CEO: "No!"

Shareholders: "So who's the new CEO?"

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[-] TexMexBazooka@lemm.ee 33 points 5 months ago

Well… RIP the Pi.

[-] resketreke@kbin.social 24 points 5 months ago

What would be the second best in terms of popularity, community and affordability?

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[-] gnate@lemmy.world 24 points 5 months ago

CEO says firm will "keep doing the same stuff" at least "while I'm in charge."

Narrator: he became President for Life

[-] downdaemon@lemmy.ml 24 points 5 months ago

is there any comparable risc-v option?

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[-] GreatAlbatross@feddit.uk 23 points 5 months ago

I think the RPi has done it's job (cheap, relatively open hardware), and kickstarted the market.
Maybe they were struggling with "what do we do next?", and selling up to let the founders do new things is not the most terrible option.

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[-] Thcdenton@lemmy.world 23 points 5 months ago

Pi was just the first. There are so many tiny hobbiest computers out there now. Not gonna sweat it.

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[-] profdc9@lemmy.world 22 points 5 months ago

Can't wait for the subscription based Pi.

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[-] DannyMac@lemmy.world 20 points 5 months ago

So, who in the SBC space is considered #2? They need to be elevated... at least until they decide to do an IPO.

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this post was submitted on 30 Jan 2024

559 points (97.9% liked)

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