The profusion of grocery+recipe sites is another harbinger of whatever crash will be obvious to us in retrospecthttp://goo.gl/xJbB50
@movito @fakebaldur I’m not arguing that it’s not a nice service for us! Just not something you can wrap a profitable business around
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@Pinboard@fakebaldur I agree that super-high valuations for these kinds of businesses are nuts. But they will replace many a supermarket.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@Pinboard@fakebaldur and since anything with a nice throughput of money and goods means bargaining power, an operating profit is doable. -
@movito aren’t you in norway? In the US, the grocery business is one of the lowest-margin categories, plus Amazon is aggressively entering - Show replies
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@Pinboard@fakebaldur what seems nuts is the social media to actual business ratio of some of these places.@kolonialno smarter that way.Thanks. Twitter will use this to make your timeline better. UndoUndo
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