Re:The Death of Tony Hsieh: A Spiral of Alcohol, Drugs and E...
by AlanYx on Monday December 07, 2020 @08:25AM
(#25331904)
While it had good gross sales numbers, Zappos had a cash flow problem prior to the sale to Amazon. Hsieh acknowledged this a few years ago in an article titled "Why I sold Zappos". (Even that may have been an overly positive spin on the situation at the time; I've seen speculation elsewhere that they may have been on the verge of insolvency.)
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