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doubling down is not about increasing focus. It is about increasing risk by making a BIGGER (not smaller) bet on something. This is in the original meaning in
by thoraway1010 6y ago
doubling down is not about increasing focus. It is about increasing risk by making a BIGGER (not smaller) bet on something.
This is in the original meaning in gambling (you are convinced you are right and so double your bet) and elsewhere.
Only in PR land is a cash flow pullback and risk reduction step such as a headcount reduction called a doubling down. It goes to show how pernicious these types of intentional miswordings are.
- ABeeSea 6y agoAmazon launched Fire Phone and Alexa months apart. They shit-canned the phone and doubled down on Alexa. It’s not just PR speak. Many of the phone people either left the company or went to work on Alexa. They also did a massive inventory write down for the phone in their quarterly report.
- vaidhy 6y agoIt seems to me like you are agreeing with the parent. Amazon increased their risk by closing the phone side and increasing the resources allocated to Alexa and hence the double down.
- 8note 6y agoMissing information: are they downsizing elsewhere as well, and the lidar folks are being downsized by less?