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Boeing doing so poorly is heartbreaking. Come on, Shopify is almost as worth as Boeing now by marketcap. Trying to let that sink in. Also I live 20 mins from t
by nojvek 7y ago
Boeing doing so poorly is heartbreaking. Come on, Shopify is almost as worth as Boeing now by marketcap. Trying to let that sink in.
Also I live 20 mins from the Boeing Mega Factory in Everett and the technological marvel of making flying beasts have been a great source of inspiration.
Now Boeing is a source of “how to fuck up a great company”.
- thephyber 7y agoTo be fair, Shopify's prospects for the future look like they will scale far better (and also Boeing's uncertainty in the short-medium term is currently priced in). Reports were that Boeing's expansion into South Carolina were done rapidly without training up the local workers. Quality control in SC was far below par with the Washington factories. Perhaps Boeing's fall is a reflection on the US economy. We still make lots of things, but we pinch pennies and quality suffers. Then it catches up to us when it's revealed that we avoided regulatory scrutiny by obscuring a fairly large change in design. Now we hit severe headwinds and the future is scary and uncertain because this is the inevitable outcome of the direction we have been steering for 1-2 generations.