Explaining Carvana's fall from a Wall Street darling to Yahoo!'s 'Worst Company of the Year'

boing
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Originally published at: Explaining Carvana's fall from a Wall Street darling to Yahoo!'s 'Worst Company of the Year' | Boing Boing

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If a company reaches those giddy heights in part because some clown on CNBC is making bad puns and using actual bells and whistles to hype it up, maybe it’s time to ease off a bit and actually consider the fundamentals and the business environment before investing.

Disrupting a notoriously dysfunctional industry is a good thing, but that industry still exists in a larger context of supply chains, loan rates, and other supply and demand factors.

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so apparently they took on too much debt by buying an overvalued company? that sounds vaguely familiar… *cough*. twitter.

unrelated:

"Yahoo also made the original [worst] top 10, with 65 worst-company votes from critics who complained about a “woke” agenda, an outdated web site, overpoliced message boards and too much emphasis on negative news, such as this story. Yet Yahoo is privately owned, by Apollo Global Management, so we must exclude ourselves

i’m never sure when to laugh, or cry.

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