We all know what happened today. Wayfair stock slipped to 80s from 120 in few days gap. How are they going to handle recession period and are they ever going to be a profitable company?🤔
Coasters wanting to coast?
They’ll be bought out if they can’t become profitable in time. Someone’s going to want dibs on their ops & logistics at the right price.
The ops are ehhhh. But logistics can be good. They really need to buy another logistics company and get some analytics for the logistics side.
We have a 100 skilled analysts/sr analysts for the analytical support. Wayfair should consider acquiring smaller players in the online furniture space, it can possibly be a cheaper form of customer acquisition, which is the main cost driver. In what way is Ops “ehhhh”?
Maybe they will buy smaller brick and mortars? The ops side is barely better then local brick and mortars
it's definitely valuable with it's customer base, brand recognition and delivery network but I don't see it becoming profitable in the short or medium term. I can see a lot of employees leaving now that their rsus are taking such a hit
I expect the top of the cream engineers leaving over the next 6 months. The average capability of most engineers is extremely poor compared to those on the market and I highly doubt that they’d be able to get another job that pays as well as at Wayfair.
There is no customer base, that’s the whole problem. The reason there is no CLTV for a customer is because they order once, get burned by the quality, fucked over by the delivery, and pissed off by customer service and never order another thing so wayfair loses money on every customer... Brilliant. Tech can’t fix this company, and tech didn’t put it in the toilet.
Remind me, is this the same company whose engineer ripped apart its engineering practices on blind?! If so, then to some extent you have got your answer.
How Equifax is surviving, is my real question
It is in surviving phase now and will do okish going forward.
Equifax f*cked over the public not their customers (financial institutions) so not much impact to their bottom line. I would be embarrassed to work at a place with such incompetent engineering but people in glass houses...