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by stevenicr 5 days ago
So you become.. Ebay and or Alibaba.

People afraid to buy because they are likely to be ripped off.

Sure lots of people stop buying there. But they seem to still be doing business every second of the day I assume.

1 comments

> So you become.. Ebay

A former tech giant that has seen its dominance being swallowed by competitors and now cornered into numismatist and other collectible.

Sure it's a very profitable company for its inveators, but a friend of mine used to work there until recently and he used to describe it as a dead shell that merely lives out of rent-seeking on its legacy.

Good luck attracting investors if you have the same business plan today.