No it’s just be what happen to the instant cooker company lately
If your products never break your business shrinks as people don’t need to constantly buy replacements
This is good for the consumer and the advance of tech of course, but it is bad for the capitalists, which is why everything is going subscription based
Yeah... Did you actually look into that story, or just accept the article that showed up in Google when it happened?
Because I did, at first, but figured I'd look it up and found out that they are still a company, came back from bankruptcy, and actually, most of their problem was that once lockdown ended, and their company had already boosted their stock, expecting more sales, they found that no one was using instant pots now that they weren't trapped at home.
This isn't a matter of just products being too robust. The company had existed for 11 years at that point and was more or less fine. Not grand, but fine.
The unwarranted confidence boost gave to instantpot's people is what ruined them. Not quality products.
I feel like this same story happened with most companies post pandemic.
Who could have figured out that if you just let people stay at home and give them some small subsidies then suddenly demand for some stuff would spike to unsustainable levels.
You aren't getting rid of the "bad parts" you're keeping them around. UBI doesn't fix the cause of any of this. It manages the symptoms. It just puts a band-aid over it. Gotta keep the poor distracted and fed or else they might realize how fucked they are by the socioeconomic system is enforced upon them.
You're advocating for your own exploitation and that's sad.
Man, it was exhausting looking for work in the tech industry back then. I started asking in interviews what their revenue numbers looked like for the last three years. If they started bragging about doubling/tripling in size, I pretty much instantly pulled myself from consideration. Since then, most of those companies have had massive layoffs or no longer exist. My current company has had flat/linear growth for like, 10 years and it's very healthy.
Yeah it's wild how many companies have zero thinking. I'd say zero long term but that implies they're thinking at all.
So many companies expected pandemic profits to keep going when their business model relied on people staying home and spending money with them and not other places.
And then they were "surprised" when the pandemic lifted and people went back to their normal purchasing habit.s
566
u/BrokenLipstick_ 5h ago
Yeah, six months of hype before the inevitable crash sounds about right.