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> severely hobbles Flexport everyone else seems to understand, but please explain to me how this set of events hobbles flexport? aside from the price, didn’t f
by jiveturkey 3y ago
> severely hobbles Flexport
everyone else seems to understand, but please explain to me how this set of events hobbles flexport? aside from the price, didn’t flexport just acquire a competitor in this process?
edit: oic, the chain of events is confused, like typical conspiracy theories are. #2 happened unbeknownst to flexport, with flexport thinking it’s all stock acquisition of deliverr comes with shopify as a significant customer.
https://apnews.com/article/shopify-fulfillment-flexport-ocado-group-6b504d0d67acd2ad1af6348cd1ec6425 https://apnews.com/article/shopify-fulfillment-flexport-ocad...
but it turns out shopify won’t be a customer of deliverr anymore.
why would shopify do that to themselves? since after the sale they own 15-18% of flexport, so hurting deliverr, hurting flexport, is self harm.
also, 13% (the purchase price) would represent about 1bn, half of the amount shopify acquired it for just a year ago