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LogMeIn to discontinue free access with 1 day notice despite $190m in revenue

Anonymous Coward writes | about 7 months ago

0

An anonymous reader writes "The remote desktop service "LogMeIn" sent an email to its users today notifying them that "LogMeIn Free" will be discontinued — as of today. This is a major shock with minimal warning to the millions of users who have come to rely on their service made all the more surprising by the fact that "consensus revenue estimates for LogMeIn in 2014 are $190.3 million", suggesting that their system of providing both free and paid accounts for what is ultimately a straightforward service that could be duplicated for well under $1 million was already doing quite well."
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