November 5, 2024
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The Shocking Reason Why Wiz Refused Google’s Jaw-Dropping $23 Billion Offer

The Shocking Reason Why Wiz Refused Google’s Jaw-Dropping  Billion Offer

Welcome to a fresh edition of Week in Review! Today, we’re diving straight into the aftermath of TechCrunch Disrupt. In case you missed it, we’ve got the inside scoop on captivating conversations with Perplexity CEO Aravind Srinivas, WordPress co-founder Matt Mullenweg, and Bridgit Mendler, the Disney sensation turned space CEO. But that’s not all – we’ve got a roundup of the latest tech news buzzing around the industry. Let’s get started!

  1. Why did Wiz turn down $23 billion?

    • Wiz co-founder Assaf Rappaport revealed at TechCrunch Disrupt that declining Alphabet’s offer was a monumental decision. Despite the enticing sum, they foresaw a colossal $100 billion opportunity in the cloud security domain. Even though Wiz had a valuation of $12 billion at the time, alternatives to Google’s offer were on the table.
  2. Apple’s Big Reveals

    • Apple took the spotlight with the introduction of the new M4 Pro chip, a sleek Mac mini, and the high-powered M4 Max for MacBook Pro. Alongside this, a transition from Lightning to USB-C for desktop accessories was unveiled, albeit leaving the Magic Mouse’s awkward charging port on the underside.
  3. Dropbox Downsizing
    • With Dropbox announcing a 20% reduction in its workforce, CEO Drew Houston cited a transitional phase aimed at streamlining operations while emphasizing efficiency and a flatter team structure.

As we wrap up this week’s tech highlights, we encourage you to stay tuned for more intriguing updates. And remember, innovation never sleeps in the tech world!

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