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One can read between the lines quite easily that they likely didn't think they could get people to sign up for the monthly fee so their original projections mus

One can read between the lines quite easily that they likely didn't think they could get people to sign up for the monthly fee so their original projections must have been way off. Obviously they are trying to spin it a different way in the press. For such a huge bet to totally change its business plan at the last second is quite worrisome for the future of the company, especially since the CEO was boasting just a few months ago that this was a brilliant plan and the only way they would make money. Now they basically are just trying to go head to head with Amazon, but without the revenue stream Amazon has via Prime. I fail to see how that's not just doomed to be an incredibly expensive bust.

vskarine 11y ago
would appreciate if you could post a reference link to: "the CEO was boasting just a few months ago that this was a brilliant plan and the only way they would make money." Thanks!
- code4tee 11y ago
  "We only profit from the $50 membership fee" http://www.cnbc.com/2015/07/21/our-prices-are-cheaper-than-amazon-jetcom-ceo.html http://www.cnbc.com/2015/07/21/our-prices-are-cheaper-than-a...
  - AndrewKemendo 11y ago
    Are all of the CNBC hosts that aggressive?
    - TheBiv 11y ago
      Yes, on average, they are fairly aggressive with the companies they invite on their shows. They are not as aggressive with the financiers they invite on their shows. I have no direct data points to back up those statements, they are simply my subjective thoughts from watching CNBC almost every day for the last 5 years.
- mbesto 11y ago
  http://www.bloomberg.com/news/features/2015-01-07/amazon-bought-this-mans-company-now-hes-coming-for-them-correct http://www.bloomberg.com/news/features/2015-01-07/amazon-bou... http://techcrunch.com/2015/07/20/jet-com-takes-on-amazon-with-the-promise-of-lower-prices/#.vogjza:buf4 http://techcrunch.com/2015/07/20/jet-com-takes-on-amazon-wit... http://mashable.com/2015/07/26/jet-amazon/#iUf9d_VZngkr http://mashable.com/2015/07/26/jet-amazon/#iUf9d_VZngkr
  - pavornyoh 11y ago
    Wow.. In the article he seemed very confident. I can see this ending in a lot of tears unfortunately.

vskarine 11y ago

would appreciate if you could post a reference link to: "the CEO was boasting just a few months ago that this was a brilliant plan and the only way they would make money." Thanks!

code4tee 11y ago
"We only profit from the $50 membership fee" http://www.cnbc.com/2015/07/21/our-prices-are-cheaper-than-amazon-jetcom-ceo.html http://www.cnbc.com/2015/07/21/our-prices-are-cheaper-than-a...
- AndrewKemendo 11y ago
  Are all of the CNBC hosts that aggressive?
  - TheBiv 11y ago
    Yes, on average, they are fairly aggressive with the companies they invite on their shows. They are not as aggressive with the financiers they invite on their shows. I have no direct data points to back up those statements, they are simply my subjective thoughts from watching CNBC almost every day for the last 5 years.
mbesto 11y ago
http://www.bloomberg.com/news/features/2015-01-07/amazon-bought-this-mans-company-now-hes-coming-for-them-correct http://www.bloomberg.com/news/features/2015-01-07/amazon-bou... http://techcrunch.com/2015/07/20/jet-com-takes-on-amazon-with-the-promise-of-lower-prices/#.vogjza:buf4 http://techcrunch.com/2015/07/20/jet-com-takes-on-amazon-wit... http://mashable.com/2015/07/26/jet-amazon/#iUf9d_VZngkr http://mashable.com/2015/07/26/jet-amazon/#iUf9d_VZngkr
- pavornyoh 11y ago
  Wow.. In the article he seemed very confident. I can see this ending in a lot of tears unfortunately.