S4 E8: Takeaways from Commerce Summit/Temu’s Dirty Secrets/Bullshit Awards
Limited Supply
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The Impossibility of a Store
I'm thinking of the Hallmark store for some reason. Ooh, that is so good. I think moms would be more likely a customer than dads. They don't really sell food right at the counter. That's not their number one product. Same thing over here, kind of. Ew, this is super hard. It's privately traded, which makes it impossible. Yeah, 9.2 billion in revenue, 7.8 billion cost of revenue, 340 million net income,. 3 million of that net income came from gift card breakage, 5,746 stores.
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