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Re:Priceline now worth $100B by jgalt212 on Wednesday July 26, 2017 @04:07PM (#14859774)
don't tell that to Warren Buffet
Re:Priceline now worth $100B by anigbrowl on Wednesday July 26, 2017 @04:24PM (#14859930)
Warren Buffett is a wonderful person but he's the product of a mixed economy with strong institutions. My point (which could have been better made) is that brands depend heavily on social infrastructure for their survival

Put it this way, suppose the C-suite and the board at Priceline went insane and wiped all their own servers before leaping out of their penthouse windows. It would disrupt the travel industry, but it wouldn't be that difficult to build another price aggregation network - the infrastructure is already there. And a year later, nobody would care.

Consumers aren't nearly as invested in brands as marketing people like to imagine, they're just lazy and stick with whatever works OK. Can you imagine consumers feeling sad about the demise of Priceline or any other major brand? If Geico went out of business I'd feel a little bit of nostalgia for those animated gecko commercials and might reminisce that they were a good company to do business with, but that's about it.