I don't know why people are downvoting this. Ever since Gamestop threatened to tank the world economy, I've been keeping an eye on the 3 major financial subreddits.
It's why some public companies go under - their stock gets shorted to oblivion, then the company gets liquidated. It's immoral, reprehensible, and almost evil. Look at Sears and Toys R Us. Sears, who probably didn't exactly keep up with the times, and Toys R Us, one of if not the biggest toy store in the world, closed because of shorting. People are always going to have kids, and they're always going to buy toys. Regardless of being able to buy stuff online, depending on certain things, you'd rather bring your kid to try something out like a bike before buying it.
I do wish there was a Toys R Us now with my kids. I take them to Hobbytown, privately owned I think. Has a lot of cool shit for adults too, I have an awesome RC crawler.
A main mystery to me has been the failure of big box toy stores. Parents can't say no to the joy of their kids at a new toy. Maybe they know that and just avoided going, but all babies and kids accessories under one roof seems like a winning idea that would have never caught the noses of the short sellers.
Amazon destroys/buys out the competition. Read up on how they fucked over toys r us on their e-commerce agreement. And if it’s not Amazon, then it’s another Fortune 500 with deep Wall Street ties. Why be better when you can simply destroy the competitors stock and then kill them and use them as leverage?
I don't know why people are downvoting this. Ever since Gamestop threatened to tank the world economy, I've been keeping an eye on the 3 major financial subreddits.
It's why some public companies go under - their stock gets shorted to oblivion, then the company gets liquidated. It's immoral, reprehensible, and almost evil. Look at Sears and Toys R Us. Sears, who probably didn't exactly keep up with the times, and Toys R Us, one of if not the biggest toy store in the world, closed because of shorting. People are always going to have kids, and they're always going to buy toys. Regardless of being able to buy stuff online, depending on certain things, you'd rather bring your kid to try something out like a bike before buying it.
I do wish there was a Toys R Us now with my kids. I take them to Hobbytown, privately owned I think. Has a lot of cool shit for adults too, I have an awesome RC crawler.
A main mystery to me has been the failure of big box toy stores. Parents can't say no to the joy of their kids at a new toy. Maybe they know that and just avoided going, but all babies and kids accessories under one roof seems like a winning idea that would have never caught the noses of the short sellers.
Amazon destroys/buys out the competition. Read up on how they fucked over toys r us on their e-commerce agreement. And if it’s not Amazon, then it’s another Fortune 500 with deep Wall Street ties. Why be better when you can simply destroy the competitors stock and then kill them and use them as leverage?