The filing brings an end to a company that shares a business model with another struggling retailer.
Just because a company shakes up the status quo does not mean that it will succeed. Many digital pioneers have identified problems in old-school companies while also showing that the opportunities to do things differently are relatively small., for example, demonstrated that while some people wanted an alternative to going to the gym, most people didn't.
Yes, Teladoc was a pioneer that showed that health care had room for disruption, but it also showed that you can't really own the concept of having a doctor's appointment over a video meeting.Shift, which followed the Carvana blueprint, has shown that too many companies using the same disruptive business model leads to failure.Carvana's proof that consumers wanted a different way to buy and sell cars led to a number of other companies adopting a fairly similar business model.
We're seeing the same issues in ride-sharing and food delivery, where too many companies using the same business model lead to an inability to raise prices.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How ancient footprints rewrote a chapter of early human historyThis week, explore the oldest known traces of humans in the Americas, celebrate the Nobel Prize winners, explore planetlike objects in the Orion Nebula, and more.
Read more »
8 Signs John Wick 5 With Keanu Reeves Will Happen (Despite Chapter 4's Ending)It seemed like John Wick's story ended with John Wick: Chapter 4, but there are strong signs that Keanu Reeves will return in John Wick 5.
Read more »
We Have Jessica Chastain To Thank for ‘It — Chapter Two’s Bloodiest MomentDirector Andy Muschietti worked with Jessica Chastain to achieve It: Chapter Two’s bloody bathroom stall scene.
Read more »
Day'Ron Sharpe could get more minutes as Nets make defensive shiftWhen the Nets tip off the preseason against the Lakers, their defense will look different. And their biggest body may be the biggest beneficiary.
Read more »
EXCLUSIVE: Mexican Government Busing 30,000 Migrants Causes Shift in Human Smuggling Routes Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »