3 ms·
Fidget spinners made a lot of money for about 3 months. Most were made in China, where everything is considered efemeral. That is the fundamental difference bet
by phkahler 3y ago
Fidget spinners made a lot of money for about 3 months. Most were made in China, where everything is considered efemeral. That is the fundamental difference between them and a lot of US companies. Here everyone wants to set up a business for ROI or MRR, with the ultimate exit being IPO at which point a company is expected to never die, else the last purchasers of the stock are left holding the bag.
Could your company make a quick buck on the next fidget spinner craze? Not that I think you should, but you should clarify why not. It might illuminate something.
- retrocryptid 3y agoThe factories that made the fidget spinners are still in business. Amazon, who sold the fidget spinners, is, last I checked, still in business. The brick and mortar shop down at the mall that sold them is definitely out of business, but I don't think that's because fidget spinners themselves lost their luster.
- wyre 3y agoThis has more to do with Amazon and local businesses than it does with fidget spinners.
- squeaky-clean 3y agoI don't really know how it works over there, but were many of the Chinese companies producing fidget spinners specifically fidget spinner companies? I imagined they were generic factories that made spinners for other more ephemeral companies. But once the fidget spinner craze was over they could just retool for their next customer.
- phkahler 3y agoThat's right. Chinese companies see everything as a short term opportunity. The future is uncertain. U.S. companies are usually more future focused and less nimble as a result. It's an interesting difference, but I'm not sure it means anything.