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A comment on “Winners Take None:” Coworking, Self Storage, Scooters Have Burned Billions. Parent comment

Re:“Winners Take None:” Coworking, Self Storage, Scooters Ha... by dragontamer on Tuesday August 08, 2023 @09:01PM (#37057509)
Jet.com

This startup sold goods 10% off from Amazon. They did this by buying from Amazon, repackaging the goods in a Jet.com box, and then shipping the new box to the customer.

After losing money on every sale for months, Walmart bought them out and the owners made tons of money.

I'm pretty sure Walmart did nothing with Jet.com and it ended up as a giant waste of money.

[ Parent | on HN ]
Re:“Winners Take None:” Coworking, Self Storage, Scooters Ha... by iancmceachern on Wednesday August 09, 2023 @03:29AM (#37059642)
Thank you!

Seems like these are cases of basically exploitation.

They're not adding actual value to the economy, but taking lots out.

[ Parent | on HN ]