Amazon tearing up the online landscape like Wally World did to B&M.
As always Americans get what they deserve.
As always Americans get what they deserve.
i don't get how amazon is being supported by the stock market. afaik amazon isn't selling stock in the primary market. 99.9999999% of stock sales are sold by someone other than the issuing entity for anything publicly traded.
Amazon tearing up the online landscape like Wally World did to B&M.
As always Americans get what they deserve.
If all of the lemonade stands in town, are charging between $1 and $2 for a cup of lemonade, and I open a lemonade stand and charge $0.25 for a cup, even though it costs me $0.50, and I do that just because I can, because my parents are rich, and support my lemonade stand, is that really a fair free-market economy? Just because I want to put all of the other lemonade stands out of business (loss of jobs in the marketplace), and eventually charge $5 for a cup?
Of course it's easy for people who have never tried to do anything in their lives to love everything Amazon.
I do IT support work for many small businesses and they all are struggling, it amazes me how they are even able to stay in business. These are some of the nicest, hardest working, customer service oriented owners you'll find, and they do care a lot that their employees have stable paychecks to provide for their families.
But, that is dying very fast thanks to attitudes like jaqie's. At least you can rest assured that millions of other shoppers are like you too, your individual shopping habits do not make or break any business.
And when you start charging $5 people will stop buying your lemonade. What seems to be the problem?
Low prices and free shipping? I think we did good.
You really think Amazon got to where it is by not once being small, too? What if Geeks got bigger than Amazon and put them out of business. What does your gravy train of political rest go from there? Obviously not enough people cared about them (I didn't know they existed).http://www.geeks.com/
Looks like Amazon.com claims another victim. In a previous era, where gov't actually stood for the will of the people, and not just a tool of the mega-corporations, amazon.com's tactics would have been grounds for lawsuits by the FTC, under predatory competition laws.
But Amazon.com is the current administration's darling, losing millions of dollars a day selling under cost, and putting millions of other smaller businesses out of work.
The ultimate goal, of course, is one ultimate over-arching megacorp that is the only centralized location to buy anything, especially books. "They" want control over information flow, and how better to censor, under the illusion of a "free market", than to simply not offer those books for sale, and once Amazon.com gets there way, there will be no alternative sources.
So, shed a tear for geeks.com, and DONT PATRONIZE AMAZON.COM. I've stopped, you should too.
One big advantage that Amazon.com has over their competition is their hosting services. Not only does their cloud hosting service give them another profit center for the company, but it allows them to quickly scale for holiday sales or new product launches.
For example, something tells me that Newegg can't double their server capacity overnight for a Black Friday sale or a new Apple iToy launch. Amazon can.
The excess capacity doesn't go to waste.Never saw Newegg down due to traffic.
And I seriously doubt that Amazon has that much excess capacity lying around for a one-week a year scaling up. If they do, then they're losing many millions of dollars carrying it the for other 51 weeks.
"The $400 thing you just sold me isn't working. Can I get a replacement?"You don't think nice people work for Amazon? Why do I need customer service? I'm buying an off-the-shelf product, I need it in my hands for the lowest price. That's what Amazon does. When I need a service I look for customer service, reselling products can and should be done by the cheapest means possible.
Perhaps not all the way to $5, but they will certainly push the limits of what the market will tolerate - as indeed any business attempts to do, within the confines created by their competitors.And when you start charging $5 people will stop buying your lemonade. What seems to be the problem?
Yeah, their stock made Woot look like a premiere online retailer. At one point they were sort of comparable to Newegg but then they really never bothered to update their stock of items. I don't see how they can really blame their fate on Amazon. Newegg combined with the decrease in PC builders really did them in.That's a bummer... I was hoping that geeks.com would have had a going out of business inventory liquidation sale before they closed
That said, most of the things that they sold seemed to be either old and refurbished... so it would be more like a liquidation sale of stuff that was bought at a liquidation sale
If all of the lemonade stands in town, are charging between $1 and $2 for a cup of lemonade, and I open a lemonade stand and charge $0.25 for a cup, even though it costs me $0.50, and I do that just because I can, because my parents are rich, and support my lemonade stand, is that really a fair free-market economy? Just because I want to put all of the other lemonade stands out of business (loss of jobs in the marketplace), and eventually charge $5 for a cup?
Junk. They tried to pass along used and refurbished items without telling people what they were getting. Plus, as time went on the quality just spiraled down hill.
I never saw them label anything as new when it was refurbished. But this isn't the old days of computer hardware. Nobody wants old offbrand refurbs. Their business model was outdated, Amazon or no.
Walmart has been doing this for decades.
"The $400 thing you just sold me isn't working. Can I get a replacement?"
- "..."
"Hello? Anyone there?"
Perhaps not all the way to $5, but they will certainly push the limits of what the market will tolerate - as indeed any business attempts to do, within the confines created by their competitors.
If a shining new star of a competitor tries to make their way in once the price point has reached a place where it makes the cost and risk of entry worthwhile, and they grow to become enough of a pain in the ass, Amazon can always thrash them to oblivion with another round of deep discounts, and then go back to business as usual.
I used to buy from Geeks regularly but that was 10 years ago. I used to still occasionally check out the site, but haven't ordered anything for at least 3-4 years.
Still, sorry to see them go. The fewer reputable resellers their are the worse for the consumer.
If all of the lemonade stands in town, are charging between $1 and $2 for a cup of lemonade, and I open a lemonade stand and charge $0.25 for a cup, even though it costs me $0.50, and I do that just because I can, because my parents are rich, and support my lemonade stand, is that really a fair free-market economy?
I love it when people act like they actually care about "small businesses" .
People only care about their wallets. That's why China's cheap junk is selling so well here.