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Why You Should Never Give Customers What They Want
The Google Pixel is one of the most valuepacked smartphones on the market. In fact, Google is likely selling the Pixel for no profit or even a slightly negative margin. But, despite how valuepacked the Google Pixel is, no one seems to want it. The Google Pixel doesn’t even control 1% market share globally and one of the main reasons for this is that customers don’t always truly want what they say they want. For example, customers say that they want a cheap reliable smartphone but what they end up buying is an iPhone. This doesn’t just apply to smartphones either. Consumers in all sorts of industries end up buying something that they don’t necessarily say they want. Another perfect example of this is when Payless ShoeSource rebranded their stores with highend branding and pricing which people were much more receptive to. This video explains the pitfalls of giving customers what they ask for and why that usually doesn’t play out as well as you might expect.
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From #1 App To Burning Billions: How Temu Lost It All
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The Legendary Comeback Of American Computers
When an industry gets mature and starts getting commoditized, we almost always see a race to the bottom. Whether it was automobiles, TVs, computers, or appliances, Asian brands eventually destroyed Western brands thanks to their comparable reliability and far better economics. Within the computer market, the Asian brands that were winning were Asus, Acer, and Lenovo, but this didn’t last forever. In fact, over the past 10 years, HP and Dell have very much reclaimed their brand dominance within the computer market. One of the main reasons for this is that consumers are now looking for different attributes when purchasing a computer. They’re no longer looking for the cheapest machine on the market but rather, the best machine on the market within a reasonable price range. This video explains how American brands won back the computer market, and why Asian brands were not able to keep up.
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600 CEOs Were FIREDHere's Why
Fortune 500 CEOs have been getting fired at a record pace. This is especially surprising given that the stock market has been consistently making new alltime highs meaning record returns for investors. Yet, this hasn’t kept these CEOs safe from oustings. In fact, CEOs of some of the most prolific companies have been forced out recently including Boeing, Starbucks, Hertz, Nike, Paramount, PayPal, and many more. Even big tech CEOs like Sundar Pichai and Sam Altman seem to be at risk. One of the main reasons for this is a rise in activist investors similar to the 1980s who are prioritizing shortterm growth over longterm growth, but that’s just the most apparent reason. This video explores the various reasons why Fortune 500 CEOs are being fired at a record pace.
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RedditThe Worst Monetization Failure In History
Did you know that Reddit is the 3rd most visited website in the US and the 8th most visited website in the world? Despite this insane popularity, Reddit doesn’t make any money. In fact, Reddit still struggles to even pull in $1 billion per year. For perspective, Google and Facebook both pull in $100 billion per year in revenue. One of the main reasons for this is that Reddit never focused on monetization. They didn’t even fully build out their ad platform till 2018, but even if they had tried to monetize earlier, it would have been no walk in the park. You see, Reddit’s demographics aren’t the most susceptible to monetization. If anything, they’re against ads, overconsumption, and gluttony which are the driving factors of platforms like Instagram. This video explains the various challenges Reddit has faced in monetizing the platform and why the company struggles to make money despite their massive user base.
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Wikipedia Donations Exposed. The Truth.
I’m sure you’ve all seen the Wikipedia popup asking for donations. At first glance, the request seems like a humble ask to keep the communityoriented website up and running. But, many would argue that this popup is not only extremely misleading but highly unethical. Even Wikipedia’s own exoutreach officer says that he is ashamed of Wikipedia’s fundraising tactics. Why you ask? Well, the simple truth is that Wikipedia itself is not actually all that dependent on donations. In fact, according to Wikipedia’s own founder, Jimmy Wales, Wikipedia can be run for just $5,000 per month. He made that statement a while ago, but even accounting for inflation and more traffic, the cost to keep up Wikipedia is extremely minimal. As such, the vast majority of your donations actually end up going to efforts outside Wikipedia that you’re probably not even familiar with like grants and other Wiki products. This video explains the controversy surrounding Wikipedia donations and why their fundraising effort may not be as wholesome as think.
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CaterpillarThe Most Underrated Background Company
Caterpillar is by far the most successful industrial machinery company in the entire world. Their iconic yellow excavators and bulldozers dominate construction sites around the world. And Caterpillar is even involved in auxiliary industries such as smartphones. This makes Caterpillar one of the only industrial giants in the Fortune 100 who are still crushing in the 21st century. The story of Caterpillar wasn’t always so smooth though. For decades the company was a smaller family company that made tractors and after the family passed away, Caterpillar nearly went bankrupt. It was actually Caterpillar’s biggest competitor that merged with Caterpillar and took it to new heights within the construction industry. This video tells the story of how Caterpillar become one of the most successful bluecollar companies in the world.
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What Happened To Nintendo?
Nintendo is one of the largest gaming companies in the world. Their consoles and franchises are enjoyed by people of all ages as Nintendo specializes in making fun familyfriendly games. The Switch is the latest addition to their lineup and it seems like it’s performing better than ever. It even has the possibility of becoming the bestselling console of all time, but behind all the layers, Nintendo isn’t doing as well as you might think. In fact, they’re only pulling in about half the revenue that they were pulling in back in the late 2000s. The primary reason for this is that in order to make the Switch work, Nintendo had to cannibalize both their console market and their handheld market and bet it all on a hybrid console. While that hybrid console ended up doing really well, it doesn’t quite measure up to the success of a standalone console and a standalone handheld device. This video explains the struggles that Nintendo has been facing behind the scenes over the past 15 years and the obstacles they’ve been in reclaiming their former glory.
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Here’s How Powerful The iOS App Store Really Is
I think you’ve heard from the media that the Apple App Store generates a lot of money but do you know just how much that is? Well, it turns out that the Apple App Store pulls in $85 billion worth of revenue every single year out of which Apple gets $20 to $25 billion. Historically, Apple has boasted App Store margins of up to 78% meaning that Apple profits nearly $20 billion from the App Store every single year. If the App Store was a standalone business, it would be worth $460 billion on its own which would make it the world’s 15th largest company. And that’s not too surprising when you consider that $85 billion is just the amount that gets processed by Apple. When we look at the total of transactions enabled by the App Store, we’ll get a much larger of $1.1 trillion. For perspective, that would make the Apple App Store the 17th largest country in the world by GDP. This video explains the intricacies of App Store monetization and how powerful the Apple App Store really is.
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The $1.7 Trillion Car Loan Debt Crisis...What Happened?
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