Poll

Is it cheaper?

Yes
18 (21.4%)
No
15 (17.9%)
In General
13 (15.5%)
Good enough for convenience
12 (14.3%)
Undecided
26 (31%)

Total Members Voted: 68

Author Topic: Jet.com Master Thread  (Read 130187 times)

Offline yuneeq

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Offline Dan

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Re: Jet.com Master Thread
« Reply #521 on: July 20, 2015, 08:46:36 AM »
Paywall
Just google the title of the article and click it.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline yuneeq

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Re: Jet.com Master Thread
« Reply #522 on: July 20, 2015, 08:48:08 AM »
Just google the title of the article and click it.

I tried from google news I guess I had to actually google it.
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Offline Dan

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Re: Jet.com Master Thread
« Reply #523 on: July 20, 2015, 08:49:36 AM »
In case ya'll think I'm just biased, take read through the comments, there are some great ones (WSJ has some of the highest quality comments online due to their paywall).

Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

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Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Emkay

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Re: Jet.com Master Thread
« Reply #525 on: July 20, 2015, 08:58:02 AM »

Offline ChaimMoskowitz

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Re: Jet.com Master Thread
« Reply #526 on: July 20, 2015, 09:32:27 AM »
This should work in Incognito:
http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&ved=0CCAQqQIwAGoVChMI1a3K293pxgIVQuqACh2CfgLb&url=http%3A%2F%2Fwww.wsj.com%2Farticles%2Ffrenzy-around-shopping-site-jet-com-harks-back-to-dot-com-boom-1437359430&ei=e-ysVZWEK8LUgwSC_YnYDQ&usg=AFQjCNGX9bxZYqoUHr2Ou1oZ3SWdqlERDw&sig2=oiHW1ZMI3F-gIYuU0DdFDg&bvm=bv.98197061,d.eXY&cad=rja
Why didn't we think of this? How can this not work?  :)

When a Jet customer buys items that aren’t in its inventory or available from partner merchants, a Jet employee buys the items from another website and has them shipped directly to the customer. That is expensive for Jet because the company often pays high shipping costs plus any difference between its advertised price and the amount charged by the outside website.
I just found a new supply of forks!

Offline yuneeq

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Re: Jet.com Master Thread
« Reply #527 on: July 20, 2015, 09:33:37 AM »
In case ya'll think I'm just biased, take read through the comments, there are some great ones (WSJ has some of the highest quality comments online due to their paywall).

I think the article has a few flaws.

A) The dot com bubble is famous not only for the massive funding, but also the extreme valuations in the tens of billions across hundreds/thousands of companies. Jet is a calculated one time bet by private investors in an extremely different environment.

B) Success breeds success. Marc Lore already launched a successful website, no one from the dot com had that pedigree. 

C) Probably the only way to launch a massively successful ecommerce company nowadays is to sink a lot of money into it. The losses will slow as they add merchants. Subsidizing losses is a common practice that some ecommerce companies are doing on a much larger scale than Jet. Including eBay, and Amazon. Amazon shareholders have literally subsidized billions of dollars in Amazon losses, and no one blinks an eye. People believe that Amazon will one day pay off, and so does jets investors.
In Jets case it's private investors who at least understand the risk proposition.

D) About 20% of items in my orders are fulfilled by concierge, the article makes it sound like 50%+.
I wonder what the real numbers are. 50% isn't sustainable for too long. But if it's 20% and they whittle it down to 5-10% in a few months then the losses wouldn't be bad at all.
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Offline Drago

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Re: Jet.com Master Thread
« Reply #528 on: July 20, 2015, 09:49:38 AM »
Why didn't we think of this? How can this not work?  :)

When a Jet customer buys items that aren’t in its inventory or available from partner merchants, a Jet employee buys the items from another website and has them shipped directly to the customer. That is expensive for Jet because the company often pays high shipping costs plus any difference between its advertised price and the amount charged by the outside website.
I liked the part about them changing the CC that they use for each purchase.
Very DDF'ish of them.
I hope they go through cash back portals and use GCs in order to stem losses.

Offline ChaimMoskowitz

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Re: Jet.com Master Thread
« Reply #529 on: July 20, 2015, 09:52:32 AM »
I liked the part about them changing the CC that they use for each purchase.
Very DDF'ish of them.
I hope they go through cash back portals and use GCs in order to stem losses.
I wonder what there CL is on the cards?  :)
Maybe I can get a job there buying VGC's for them. They would have to pay me more than 250/hr.
I just found a new supply of forks!

Offline SearchGuy

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Re: Jet.com Master Thread
« Reply #530 on: July 20, 2015, 09:57:56 AM »
I wonder what there CL is on the cards?  :)
Maybe I can get a job there buying VGC's for them. They would have to pay me more than 250/hr.
No doubt Mark Lore ownes an Amex Black

Offline ChaimMoskowitz

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Re: Jet.com Master Thread
« Reply #531 on: July 20, 2015, 10:01:54 AM »
No doubt Mark Lore ownes an Amex Black
So does he add like a million AU's to get all those different CC #'s?
I just found a new supply of forks!

Offline coralsnake

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Re: Jet.com Master Thread
« Reply #532 on: July 20, 2015, 10:03:13 AM »
No doubt Mark Lore ownes an Amex Black
And no doubt he would spell it "owns"
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Offline SearchGuy

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Re: Jet.com Master Thread
« Reply #533 on: July 20, 2015, 10:04:29 AM »
In case ya'll think I'm just biased, take read through the comments, there are some great ones (WSJ has some of the highest quality comments online due to their paywall).
After I'd read this article I'd think the same. Doesn't mean WSJ isn't biased (or paid by others to do so), it's a known fact that the Media is biased, who else should be if not them?

Offline Emkay

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Re: Jet.com Master Thread
« Reply #534 on: July 20, 2015, 10:05:50 AM »
Why didn't we think of this? How can this not work?  :)

When a Jet customer buys items that aren’t in its inventory or available from partner merchants, a Jet employee buys the items from another website and has them shipped directly to the customer. That is expensive for Jet because the company often pays high shipping costs plus any difference between its advertised price and the amount charged by the outside website.
Make fun of it all you want, just remember that your baby amazon did the same thing

Offline Dan

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Re: Jet.com Master Thread
« Reply #535 on: July 20, 2015, 10:10:59 AM »
After I'd read this article I'd think the same. Doesn't mean WSJ isn't biased (or paid by others to do so), it's a known fact that the Media is biased, who else should be if not them?
What exactly is their bias (and the bias of all the commenters) against Jet?

There's only so long that the fed will keep interest rates at 0 which creates cash flow for businesses that otherwise wouldn't be funded with a dime.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline SearchGuy

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Re: Jet.com Master Thread
« Reply #536 on: July 20, 2015, 10:14:16 AM »
What exactly is their bias (and the bias of all the commenters) against Jet?

There's only so long that the fed will keep interest rates at 0 which creates cash flow for businesses that otherwise wouldn't be funded with a dime.
They may have been paid for this article to give it such a view

Offline ChaimMoskowitz

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Re: Jet.com Master Thread
« Reply #537 on: July 20, 2015, 10:16:16 AM »
Make fun of it all you want, just remember that your baby amazon did the same thing
Amazon is not my baby and I hardly ever order from them. Big ticket items are always cheaper with other methods and for every day items I leave that to DW.
I just found a new supply of forks!

Offline alpicone

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Re: Jet.com Master Thread
« Reply #538 on: July 20, 2015, 10:24:39 AM »
They may have been paid for this article to give it such a view

Paid by Amazon? Definitely not by Jet

Offline SearchGuy

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Re: Jet.com Master Thread
« Reply #539 on: July 20, 2015, 10:26:12 AM »
Paid by Amazon? Definitely not by Jet
It can be Amazon, Costco who knows