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Docker, the technology, is the poster child for containers. But it appears Docker, the business, is in trouble. In a leaked memo, Docker CEO Rob Bearden praised workers -- despite the "uncertainty [which] brings with it significant challenges" and "persevering in spite of the lack of clarity we've had these past few weeks."
Lack of clarity about what? Sources close to the company say it's simple: Docker needs more money.
Indeed, Bearden opened by saying: "We have been engaging with investors to secure more financing to continue to execute on our strategy. I wanted to share a quick update on where we stand. We are currently in active negotiations with two investors and are working through final terms. We should be able to provide you a more complete update within the next couple of weeks."
Docker has already raised $272.9 million, but the company hasn't been profitable. It's[sic] venture-capitalist supporters -- ME Cloud Ventures, Benchmark, Coatue Management, Goldman Sachs, and Greylock Partners -- which have seen it through Series E financing, can't be happy, that after almost six-years, Docker still isn't close to an IPO.
While the previous CEO, Steve Singh, promised in May 2019 that Docker would be cash-flow positive by the end of this fiscal year, that appears not to have been the case. Otherwise, Docker wouldn't need to seek additional capital.
(Score: 2) by c0lo on Tuesday October 01 2019, @10:58PM (4 children)
Blockchain, blockchain, blockchain. (evil grin)
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by JoeMerchant on Tuesday October 01 2019, @11:24PM (3 children)
(I bet) there's a Docker container for that... would be a fun crowdsourcing experiment, but... we use our Docker instances in non-internet connected machines, so I guess we won't be contributing.
🌻🌻 [google.com]
(Score: 2) by Freeman on Wednesday October 02 2019, @03:12PM (2 children)
At least, not until the forced always online requirement. If they can't ping your server 24/7, then you can't be trusted!
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 3, Insightful) by Freeman on Wednesday October 02 2019, @03:18PM (1 child)
Hmm...., okay, maybe there's no forcing the issue as I guess this is open source software.
Joshua 1:9 "Be strong and of a good courage; be not afraid, neither be thou dismayed: for the Lord thy God is with thee"
(Score: 2) by JoeMerchant on Wednesday October 02 2019, @04:32PM
Which is why I'm not too concerned that the people trying to make a business out of it are bungling the money side, badly. Maybe not bungling, so much, as running a high risk, high return game that's going the high probability route: down in flames. They've got a solid-ish implementation of some very useful tech, and even when the paid employees all shuffle off to other gigs, the open source project's performance shouldn't get much worse than it is today.
It's kind of like if you were using CentOS, and RedHat did something stupid - yeah, I wish they wouldn't, but... it's not terrifying in the way that a total shutdown of Apple for some reason or another would screw that ecosystem.
🌻🌻 [google.com]