- Messages
- 7,546
- Likes
- 30,358
I like the concept of the company, but fuck they do some stupid shit
Meh, I think their financing is a pretty small fraction of their total revenue and it's only their latest offering round, so probably scarier sounding than it actually is. They are probably the most wasteful company traded though, lol.
I think I sort of like their concept in theory, but idk...I've heard some pretty mixed results from people who have used them. It's pretty clear they need a real CEO and not someone who is simply there because their dad cannot legally run the company, lol.
The article focused more on the modern business model trend of companies piling up loses by creating unnecessary overhead or reckless self indulgent spending.
They used Carvana as an example but talked about how Carvana isn’t even close to being the worst company for losing shit tons of money.
I think the best point the article made on the topic of Carvana was the Covid bump that Carvana got when the traditional in person salesmen model competitors got shut down or limited by Covid laws + many of the e-mail class started working from home and were online even more thus benefiting Carvana.
IMO regardless of anything else the return to more normal times is enough to drop Carvana’s value down. Especially from their previous high which was just ridiculous.