I'm not sure the title is 100% true. I think they just bought a framed stock certificate at an auction. Likely, Kensington Capital still owns the RadioShack brand.
Indeed, it does look like the set she's holding is one of three that were sold in the auction. If Adafruit has actually acquired the brand, this is certainly an odd way to go about announcing it. I could see this having been a joke that's now gotten misinterpreted.
But, if so, the @adafruit twitter account is definitely further confusing things.
Indeed. If they hadn’t been retweeting congratualtory messages confirming the acquisition from their official corporate Twitter account, I wouldn’t have posted it here.
Namaste. I, too was pretty wide eyed and excited when I thought about the consequences of such an acquisition.
At this point, I think we're all looking to the initial actors for some clarification.
Later, when I saw that Adafruit's revenue is about $22M a year, and the acquisition price was a $29M debt accrued prior, I started to doubt myself yet again!
It's fascinating to see the intense online waves this has made. People are truly fond of RadioShack's brand, and AdaFruit as an underdog.
Whatever the outcome, perhaps it's a good reality check for all of us in the age of "fake news".
Seems like a pretty misleading HN item then. Also, considering that Adafruit specifically mentioned on their website a few years ago that they were not prepared to use Radioshack as a distributor it doesnt make sense that they would choose to start using physical stores. But who knows these days ...
Comments
I'm not sure the title is 100% true. I think they just bought a framed stock certificate at an auction. Likely, Kensington Capital still owns the RadioShack brand.
Sources:
- https://www.reuters.com/article/us-radioshack-kensingtoncapi...
- http://ubidestates.hibid.com/catalog/103245/radioshack-aucti...
Given that Adafruit is retweeting things like https://twitter.com/danielphippsaus/status/91650866813207347..., I don’t think it’s unreasonable to believe that they’re saying they bought RadioShack.
Indeed, the company is a husk of its former self and has already sold off most of its assets.
Indeed, it does look like the set she's holding is one of three that were sold in the auction. If Adafruit has actually acquired the brand, this is certainly an odd way to go about announcing it. I could see this having been a joke that's now gotten misinterpreted.
But, if so, the @adafruit twitter account is definitely further confusing things.
Indeed. If they hadn’t been retweeting congratualtory messages confirming the acquisition from their official corporate Twitter account, I wouldn’t have posted it here.
Namaste. I, too was pretty wide eyed and excited when I thought about the consequences of such an acquisition.
At this point, I think we're all looking to the initial actors for some clarification.
Later, when I saw that Adafruit's revenue is about $22M a year, and the acquisition price was a $29M debt accrued prior, I started to doubt myself yet again!
It's fascinating to see the intense online waves this has made. People are truly fond of RadioShack's brand, and AdaFruit as an underdog.
Whatever the outcome, perhaps it's a good reality check for all of us in the age of "fake news".
Seems like a pretty misleading HN item then. Also, considering that Adafruit specifically mentioned on their website a few years ago that they were not prepared to use Radioshack as a distributor it doesnt make sense that they would choose to start using physical stores. But who knows these days ...
Well, as of January that at least had changed. https://blog.adafruit.com/2017/01/04/adafruit-products-at-ra...
The framed stock certificate from the auction photo aren't the same as the ones in the photo tweeted by Adafruit. Very similar frame though.