101–110 of 153 posts
Earlier quoted context omitted.
I was not doing a comparison, I was showing how the NPR numbers were dishonest. NPR claims that it costs $6.30 to mail something across the street. They never give a specific number for a shipment from China to compare to. Prices have gone up since then, but even today the most expensive option with no pre-sorting for 13 oz is only $5.39. It can go as low as $2.36 depending on the level of sorting. NPR is clearly not…
> This is roughly equivalent to the 5-digit DNDC option, which currently costs $3.56 - maybe slightly more because I don't know the exact details of how China delivers to the US. China the country does that, but that cost is not borne by the shipper in China. The shipper in China just drops the item off at their post office. But regardless, China then pays the US $1.90 to deliver that package for them. You will not f…
[0] https://www.uspsoig.gov/sites/default/files/document-library...
Earlier quoted context omitted.
Wish was valued at $11 billion in the last VC round in 2019. Since then Shopify is up 200% so if Wish is being valued off Shopify then $37.5 billion isn't far off. Shop's price to sales is 50x so 15x isn't outrageous for Wish. Shop is growing faster but Wish's economics are better.
> https://www.amazon.com/Wireless-Headphones-Bluetooth-Earbuds ... But Wish is in a retailer vs Shopify as a platform. I Highly doubt wish has the same value. In fact, I don't know a single instance of someone shopping wish and being satisfied. Someone will buy it, it'll probably be way over valued, and it will eventually drop back.
If there's one IPO that I'm not excited about, is this one. This is a shit model. And I want to apologize in advance to any Wish employees that may be here and that are surely doing hard work to build the logistics and consumer layers of this business. This is a business built on top of cheap Chinese goods, subsidized shipping and low customer expectations. High transaction volume with very low margins, and totally e…
and dropbox is just a fancy wrapper on top of ...
and airbnb is just a fancy wrapper on top of ...
The tolerance of counterfeits is really such a bummer. And it's not just Wish. Amazon has their fair share of counterfeits as well. These "Airpods"[0] are cheap knockoffs, but the images say that they're Airpod Pros. This listing is on the first page of results when you search for Airpods on Amazon. [0] https://www.amazon.com/Wireless-Headphones-Bluetooth-Earbuds...
I totally get the Wish hate but I don’t think most here realize why it’s so popular. My family in the Midwest loves wish because they purchase from there knowing the quality isn’t going to be superb. My mom buys random things from them like clothes, jewelry, and random appliances for literally $5. She’s willing to wait three weeks to get her stuff because it’s such a good deal. My dad was able to get a quality DSLR f…
No he wasn't.
The tolerance of counterfeits is really such a bummer. And it's not just Wish. Amazon has their fair share of counterfeits as well. These "Airpods"[0] are cheap knockoffs, but the images say that they're Airpod Pros. This listing is on the first page of results when you search for Airpods on Amazon. [0] https://www.amazon.com/Wireless-Headphones-Bluetooth-Earbuds...
Seems to be deleted now
I always thought of Wish as an AliExpres front, doing drop-shipping at higher prices. Therefore, I've never used it myself. I might be wrong. Are there good reasons for why someone would recommend their loved ones to use Wish over AliExpress?
My credit card company (in the UK) has blocked AliExpress but not Wish. This doesn't make me want to use Wish, but maybe it's a reason why others would prefer it over AliExpress.
That's completely outrageous. What could their rationale possibly be?
If there's one IPO that I'm not excited about, is this one. This is a shit model. And I want to apologize in advance to any Wish employees that may be here and that are surely doing hard work to build the logistics and consumer layers of this business. This is a business built on top of cheap Chinese goods, subsidized shipping and low customer expectations. High transaction volume with very low margins, and totally e…
> just a fancy wrapper on top of AliExpress and dropbox is just a fancy wrapper on top of ... and airbnb is just a fancy wrapper on top of ...
Wish does not have that. The shopping experience on Aliexpress is similar if not better and it is backed by Alibaba so it will only grow. Wish capitalizes on low customer expectations and dirt cheap prices. There is nothing in that business model that can't be easily copied by another Chinese company.