31–40 of 153 posts
Huh, I've never heard of this but went to the home page and it sells .. junk? Some of the products remind me of those "THIS ONE WEIRD TRICK" ads
Is it just me or are there multiple S-1's on here almost every day at the moment? Is there glut of them or are they just overly represented on HN at the moment?
IPOs priced per year 2017: 160 2018: 192 2019: 160 2020: 190 (YTD) IPO proceeds year-to-date is $67.6b, the largest amount of the decade if you discount Alibaba's $25b IPO in 2014 [1] https://www.renaissancecapital.com/IPO-Center
As expected, the threat of reputational damage from counterfeit goods features pretty heavily in the IPO. Unfortunately, that damage has already been done. At the moment, 8 of the top 10 results for "wish.com" on YouTube are people exposing scams. Not really a good look for the company.
Do they have a reputation for quality to uphold? I expect them to be cheap and innovative, but not high quality. I'd expect the genuine Wish product to be just as flimsy as whatever knockoff.
> Historically, our merchants in China have benefitted from lower shipping costs due to the Universal Postal Union Treaty (“UPU”). Certain expected changes to UPU postal rates that went into effect in July 2020 are likely to increase the shipping rates our merchants incur to ship products from China. The actions we have taken in our logistics program to mitigate these increased costs may not be successful over the lo…
Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison that shows this.
> Historically, our merchants in China have benefitted from lower shipping costs due to the Universal Postal Union Treaty (“UPU”). Certain expected changes to UPU postal rates that went into effect in July 2020 are likely to increase the shipping rates our merchants incur to ship products from China. The actions we have taken in our logistics program to mitigate these increased costs may not be successful over the lo…
>Thanks to the UPU, Before July it was cheaper to mail a package to Chicago from Shanghai than to shop to Chicago from Dallas. Do you have a source on this? Most claims of this nature that I've seen fall apart on investigation - usually they compare a bulk wholesale rate for slow international shipping to a retail rate for priority domestic shipping to get this result. I'd like to see an apples to apples comparison t…
https://www.sec.gov/Archives/edgar/data/1822250/000119312520...
Literally the same amount. Will it grow without full ads burn? Who the heck can tell.
Huh, I've never heard of this but went to the home page and it sells .. junk? Some of the products remind me of those "THIS ONE WEIRD TRICK" ads
Earlier quoted context omitted.
Do they have a reputation for quality to uphold? I expect them to be cheap and innovative, but not high quality. I'd expect the genuine Wish product to be just as flimsy as whatever knockoff.
> innovative What? How?
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...