If the new owners purchased the assets, name, and technology and not the company itself, then it’s beholden on the remains of the old company to honour the deal…
Good luck with that.
Within most(or all) EU countries this would count as a continuation of business and all previous liabilities (e.g. employees contracts, customers contracts, etc.) would need to be honored.
Why it is done this way? To prevent people from doing exact that.
There’s probably some fine print in the ToS that says they can do this. It may or may not be legal but that makes it a lengthier court battle to try to prove.
There are so many ways they can put the squeeze on. Session time limit, throttle fraffic, restrict usage times etc.
Then you can sell a monthly VPN+ subscription and offer revisiting lifetime users 2 years free if they move to the new “better” service.
I’m not saying I agree with any of this, but it’s certainly not a new strategy. They’ve nothing to lose. Those who are pissed off will leave, you already have their money and those who want to stay will pay up.
Is this even legal? I mean people paid for the lifetime version.
If the new owners purchased the assets, name, and technology and not the company itself, then it’s beholden on the remains of the old company to honour the deal… Good luck with that.
Which is a problem of the legal system around it.
Within most(or all) EU countries this would count as a continuation of business and all previous liabilities (e.g. employees contracts, customers contracts, etc.) would need to be honored.
Why it is done this way? To prevent people from doing exact that.
How many people start companies, rack up a bunch of debt, then create another company that buys everything except the debt?
This is the exact reason GM still exists.
NOW you’re getting it.
They should be refunded tbh.
There’s probably some fine print in the ToS that says they can do this. It may or may not be legal but that makes it a lengthier court battle to try to prove.
There are so many ways they can put the squeeze on. Session time limit, throttle fraffic, restrict usage times etc.
Then you can sell a monthly VPN+ subscription and offer revisiting lifetime users 2 years free if they move to the new “better” service.
I’m not saying I agree with any of this, but it’s certainly not a new strategy. They’ve nothing to lose. Those who are pissed off will leave, you already have their money and those who want to stay will pay up.
The VPN company can have their cake and eat it