But the idea in early e-commerce was sane. Undercut retail on cost, increase profit. The ones that failed, failed on execution. Pets.com failed because you can't ship massive bags of food below cost and expect to make a profit.
Setting fire to cash to have the best model that anyone else can also do isn't a business model. They're never going to be able to stop setting fire to cash or they'll fall behind immediately. Their user base will not pay the bills. It's an obviously bad investment.
Setting fire to cash to have the best model that anyone else can also do isn't a business model. They're never going to be able to stop setting fire to cash or they'll fall behind immediately. Their user base will not pay the bills. It's an obviously bad investment.