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

GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

finance.yahoo.com

Post reply on HN
Print view View original

1–10 of 116 posts

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#3

Post by digitalengineer »

“The GoFundMe CEO hopes younger donors, who are often more values-driven, digitally native, and community-oriented, will push giving higher and faster.” I can’t believe it. THIS is what he hopes for? He is not stating he hopes his country can get out of this mess? Or researching what his company can do? He’s just looking after his cut.

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#4

Post by andirk »

CNBC told me the economy is doing great. My neighbor is borrowing money from me. My friend is borrowing money from me. GoFundMe is becoming more for basic needs. Everything is becoming more expensive often for no reason. According to every metric BUT stonks, the economy is holding on by a thread.

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#6

Post by [deleted] »

andirk wrote: post #4

CNBC told me the economy is doing great. My neighbor is borrowing money from me. My friend is borrowing money from me. GoFundMe is becoming more for basic needs. Everything is becoming more expensive often for no reason. According to every metric BUT stonks, the economy is holding on by a thread.

[deleted]

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#8

Post by greffel »

andirk wrote: post #4

CNBC told me the economy is doing great. My neighbor is borrowing money from me. My friend is borrowing money from me. GoFundMe is becoming more for basic needs. Everything is becoming more expensive often for no reason. According to every metric BUT stonks, the economy is holding on by a thread.

[flagged]

Re: GoFundMe CEO: economy is so bad his customers crowdfund to pay for groceries

#9

Post by netsharc »

andirk wrote: post #4

CNBC told me the economy is doing great. My neighbor is borrowing money from me. My friend is borrowing money from me. GoFundMe is becoming more for basic needs. Everything is becoming more expensive often for no reason. According to every metric BUT stonks, the economy is holding on by a thread.

No reason? Was it Covid, or the Ukraine war? The pandemic ground the gears, there was government help but I wonder what after-effects the flood of liquidity had, did too many people end up in the Ponzi schemes (Gamespot, trading cards, Bitcoin et al)?

The war caused energy prices to go crazy, Europe needed gas and was willing to pay a premium, and the laws of supply and demand meant the price went up for everyone.

I used to live in a country where the government subsidized the price of oil (including petrol). When they needed to cut that subsidy, people knew the price of oil would go up, and that affected the price of everything else, my reasoning was because all the trucks transporting goods needed petrol, but it's probably because everything needs energy to accomplish..

Post reply on HN