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Is this the "It's my money, and I need it now" / "It's your money, use it when you need it!" (https://www.youtube.com/watch?v=pdPM6j1Q4sg https://www.youtube.co
by nerdponx 4y ago
Is this the "It's my money, and I need it now" / "It's your money, use it when you need it!" (https://www.youtube.com/watch?v=pdPM6j1Q4sg https://www.youtube.com/watch?v=pdPM6j1Q4sg) of execs trying to cash out and bail before things go to shit?
My question is, why is this happening now and why didn't it happen before?
Is it because Amazon is simultaneously wildly popular and a total trash fire, so customers are becoming gradually inured to their bullshit and so other companies are thinking they can slip under the radar with this ploy?
Was there an industry conference where this idea was presented and nobody ever explicitly agreed to collude, but there were nods all around the room and everyone knew what they were expected to do?
- solveit 4y agoMany of these are no longer viable businesses, so they do what any nonviable business does and gradually shut down, liquidating all their assets in the process which in this case happens to include the reputation they've built up when they used to be a viable business? So the answer to "why now?" would be, because they only recently began failing thanks to Amazon/COVID/insert your favourite recent civillisational change.
- lazide 4y agoAmazon is killing them and has been for a decade, and they’re trying to compete. Too late, and badly, as it turns out. You didn’t notice it as much earlier, because it wasn’t the high end ‘stuff you went there for’ that people stopped buying, it was all the other random things they bought when they went there to buy something, and the marginal customers. Now the core customer base is eroding, and they’re getting desperate.