100 Cybertrucks rusting in a Bed, Bath and Beyond car park.....the 'Beyond' of that promise turning out to be almost as much a disappointment as Elon Musk is to his weird dad.
#ElonMusk #Musk #Cybertruck #Tesla #Failure #BedBathAndBeyond
James Jani's documentary about the cult of Bed Bath & Beyond stock was easily the single greatest thing I watched in 2024 and in some ways one of the most terrifying things I've ever seen. Human beings obviously have a deeply ingrained drive to develop irrational beliefs when placed together in groups - not quite #Thanatos but also not unrelated.
(Part one, about the cult of Gamestop, is also pretty great, but not nearly as disturbing.)
https://www.youtube.com/watch?v=C5Bd6YxifCo
#BBBY #BedBath #BedBathAndBeyond #JamesJani #RyanCohen #GME #Gamestop #StockMarket #markets #AMC #CultOfTheDeadStock #TheCultOfTheDeadStock
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So Overstock resurrected the #BedBathandBeyond brand, but did the resurrect the old marketing team too?
Because I've suddenly gotten six marketing emails from them in the last two days 🙃
Edit: Seven, now. Seven times in two days.
Private equity is a cancer. Its profits come from buying productive firms, loading them with debt, abusing their suppliers, workers and customers, and driving them into ground, stiffing all of them - and the company's creditors. The #mafia have a name for this. They call it a "#BustOut":
https://pluralistic.net/2023/06/02/plunderers/#farben
Private equity destroyed #ToysRUs, #Sears, #BedBathAndBeyond, and many more companies beloved of Main Street, bled dry for Wall Street:
https://prospect.org/culture/books/2023-06-02-days-of-plunder-morgenson-rosner-ballou-review/
5/
I had an addiction. Sad my dealer went bankrupt.