Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

news.shopify.com

Post reply on HN
Print view View original

501–510 of 531 posts

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#501

Post by yowlingcat »

MrSqueezles wrote: post #271
flappyeagle wrote: post #116

Earlier quoted context omitted.

This is not how recessions work.

Emotional investors moving hundreds of billions of dollars create self-fulfilling prophecies. It absolutely is how recessions work. "I'm so pissy because the US Fed isn't giving away free money anymore. I'm moving to cash and will shower money on any company that does layoffs." Yeah, it works.

The idea that emotional investors moving large amounts of money can single-handedly cause recessions is naive, even if it is comforting. The world has been using ZIRP for a long time. This policy has led to overinflated stock prices and a significant number of worthless loans held by regional banks, now collapsing at a rate similar to the 2008 crisis. When equity assets lose value, companies buoyed by those previous values have to reduce their spending because they would not be able to raise enough money by selling those assets, and they'd otherwise end up underwater or going bankrupt.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#502

Post by tootie »

bambataa wrote: post #143

Is this the same CEO who decided to double the engineering team in a single year? https://techcouver.com/2021/01/06/shopify-to-double-engineer... Aren’t CEOs paid ludicrously well to make long term decisions, rather than just flail around?

CEOs are tasked with maximizing shareholder value and he seems to have succeeded.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#503

Post by 6510 »

telotortium wrote: post #318
curiousllama wrote: post #48

Earlier quoted context omitted.

In sports this is the "absolute vote of confidence" Once a coach has to say "[player] has my absolute confidence in their success," you know the player is ~2 weeks from being benched.

"Every banker knows that if he has to prove he is worthy of credit, in fact his credit is gone." -- Walter Bagehot

Or the Roman: You wouldn't be on trial if you were innocent.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#504

Post by deltree7 »

jpmoral wrote: post #486
deltree7 wrote: post #446

Earlier quoted context omitted.

I'm sorry for you. The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price. The world is better of with efficient capital deployment. So, I don't understand how the smartest people in this world don't understand the fundamental working of capital markets. Note: it's the same shareholders that have allowed to get $200-$300k TCs wh…

> The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price. This is a meme that needs to die. > The world is better of with efficient capital deployment. Even if this were true, rising share prices don't necessarily indicate efficient deployment. Chasing short-term share price increases often incentivises behaviour detrimental to…

Shopify, Apple, Google, Meta, Amazon all have long term goals.

Meta/Google/Amazon/Microsoft are literally investing R&D $ that will pay off 10+ years later.

Yet they all have laid off people.

Just because you laid of people doesn't mean they aren't thinking long term.

Really how can reddit/HN and social media be so blind about this when they have data screaming at them?

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#505

Post by darth_avocado »

amrocha wrote: post #494
darth_avocado wrote: post #281

Earlier quoted context omitted.

Shopify is notorious in wasting your time. They have a “life journey” interview where you talk about your life’s journey and experiences. A few months ago I spent hours of my time on interviews that I performed well in, only to be told the team is “moving in a different direction”. Looks like I dodged a bullet there.

Clearly didn't perform as well as you thought if they passed on you

Not quite. In this market, you can crush it and still not get the job. One thing I can say for sure, I performed way better than was required for the position. Anyway, ended up somewhere way better, so worked out in the end.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#506

Post by 6510 »

monero-xmr wrote: post #236
TeMPOraL wrote: post #173

Earlier quoted context omitted.

You are falling into the meta-trap of misunderstanding the Luddites. The Luddites weren't idiots, nor they were against progress. They revolted because the way the new technology was applied was destroying their specialization, and in many cases, destroying their lives . The promise of "reallocating skilled workers to new areas" is bullshit at the individual level. What's being reallocated is the new generation, the…

For hundreds of thousands of years, pre-historic man became very skilled at cutting rocks in order to make stone age tools. Generations upon generations of early humans learned, worked on, and passed down to their children the way to perfectly smash rocks against each other in order to cut them into pointy shapes. In this way they made arrow heads, knives, axes, and so on. It's hard to believe, but this primitive tec…

This is actually a great description of a fascinating topic to ponder further.

Someone will make 1000 shoes, all the same, poor quality, nowhere near the fit but they are 1000 shoes while it use to be 5.

Someone will make 1000 inferior loafs of bread. Someone will make 1000 mcdonalds quality hamburgers. Someone will build many crappy houses and stack them until they touch the sky. A box will play audio recordings to thousands while we use to sing and play instruments ourselves. A box will show pictures in stead of us reading books and giving speeches. Someone will also [kinda] have 1000 babies in stead of 5.

But we price everything at a point where profit is maxed for what people can afford and we buy 1000 things in stead of just the 5 we needed. If there is any room in the budget we will make housing more expensive.

A coworker of mine always has pain in uhhh all parts of his body, everything is sore and worn out.

One a year he goes back to his country of birth, by plane, by train, then by bus, then by taxi then he climbs the mountain. There is the tiny village where he was born. He drinks the spring water, sits in the sun under unpolluted air, eats real vegetables grown on real soil, eats meat from animals who had a good life, eggs from chickens roaming around, milk from happy cows, he takes in the view, talks with relatives. And then, gradually the pains go one by one, the headache clears up, the joins soften, the muscles work again, his head moves back above his shoulders, his eyes work again, he can walk tirelessly.

I'm not trying to make a point, it is just something to think about.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#507

Post by diceduckmonk »

flavius29663 wrote: post #285
MrSqueezles wrote: post #271

Earlier quoted context omitted.

Emotional investors moving hundreds of billions of dollars create self-fulfilling prophecies. It absolutely is how recessions work. "I'm so pissy because the US Fed isn't giving away free money anymore. I'm moving to cash and will shower money on any company that does layoffs." Yeah, it works.

US recessions and bear markets happen most of the time because of mass psychosis, not because of some underlying cause. There can be a trigger, yes, but it's generally not that big of a deal. The government also plays a role in triggering these recessions, so that they can pop the bubbles before it's too late. Yes, there can be recessions causes by world wars, worldwide droughts, pandemics and other cataclysmic event…

Enough people losing their jobs, cutting spending habits, will create that mass psychosis.

Tech is a small part of the economy, but cities like Seattle that have built restaurants and services catering to the tech crowd will see further fallout. There was this idea that Seattle would be this next big metropolitan area, but tech implants have found it’s not for them after a few years

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#508

Post by s__s »

comte7092 wrote: post #496
Shindi wrote: post #201

Earlier quoted context omitted.

> They promised me an onsite interview to simply meet the team and potentially secure an offer. Was that your first tech onsite? The onsite is an interview you have to pass, you're not guaranteed an offer. Also why did you not bring your laptop to your tech interview lol Honestly, sucks to fly out far and get rejected but that's part of the process my guy. Most onsites are 5 back to back interviews.

> Also why did you not bring your laptop to your tech interview lol I’m not really “in tech” but this sounds like some bullshit for me. What if you don’t have a personal laptop? All I’ve got is a desktop machine, because my personal devices aren't for work. > Most onsites are 5 back to back interviews. What an absurd practice.

> What an absurd practice.

Indeed. If it takes 5 interviews after 4 hours of remote interviewing your hiring process is completely broken. Giant red flag.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#509

Post by deltree7 »

regularjack wrote: post #499
deltree7 wrote: post #446

Earlier quoted context omitted.

I'm sorry for you. The CEOs / Executives are literally appointed by the board who in turn are voted in by shareholders. It is their job to increase the share price. The world is better of with efficient capital deployment. So, I don't understand how the smartest people in this world don't understand the fundamental working of capital markets. Note: it's the same shareholders that have allowed to get $200-$300k TCs wh…

Smart people, as you put it, know that empathy plays a role in the world. It's possible to understand how capitalism works, while not being a sociopath.

None of those people are sociopaths. You are just projecting. You haven't met the person or know anything about them.

Re: Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics

#510

Post by moneywoes »

tgtweak wrote: post #265
moneywoes wrote: post #256

How good was Shopify Logistics? Is a competitor viable?

Not great honestly, the only redeeming factor was the onsite delivery eta logic (since SKU locations and customers location was internal) and the lift from displaying that on the site ("get it by tomorrow"). The costs, receiving SLAs and difficulty with any hands on help was worse than the other dedicated 3PL companies.

Ah gotcha. I imagine the 3PL market is very competitive, is that correct?
Post reply on HN