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Intersting article on WISH enterprise practices, aggressive promoting, and downfall : shares

by Index Investing News
July 9, 2022
in Stocks
Reading Time: 1 min read
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I am an Ebay man myself. By no means used alibaba or Want. I by no means even heard of this firm till the Reddit inventory meme meltdown.

The corporate created a pretend account (bestdeeal9) to deceive individuals into making purchases. It stored the cash figuring out that it was by no means going to ship the products. And it did this to see if the shoppers would request refunds? That’s not merely a “Misleading experiment”. That’s theft.

That is the Milli Vanilli of “tech” corporations. It is an instance of what occurs when society treats entrepreneurs like rock stars. Talentless poseurs flock to the sector. They might not really wish to make music, however they positive wish to be stars. They might not have a clue as to creating a product or working an organization, however they get to pose shirtless with celebrities and throw events in a Bel Air mansion.

https://www.nytimes.com/2022/07/07/enterprise/media/wish-online-dollar-store.html



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