alt Hacker NewsActually I thought Netflix had already acquired Ookla / speedtest.com, so I was surprised to see this headline. But it looks like this was just the Mandela effect.
That said, why didn't Netflix acquire the market leader in this space? Creating their own seems way less useful, since network effects are the whole point.
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Because Netflix doesn't care what your connection to speedtest.net is, they care what your connection to your closest Netflix server box is. A while back, Comcast/your last-mile ISP was throttling traffic to Netflix to get Netflix to pay them. So while Netflix's box had plenty of bandwidth to their ISP, your ISP wasn't using it, intentionally. Fast.com was their response to that, so you could blame your ISP and not Netflix for being slow.
Based on Accenture acquiring them, I’d guess the actual business wasn’t really interesting to Netflix. And that leaves the infrastructure, where the value they get is it being Netflix infrastructure. I can see why they spent the money on a really good brandable domain instead.