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| Thread ID: 60681 | 2005-08-09 20:55:00 | What happen to flying pigs? | Ninjabear (2948) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 379801 | 2005-08-10 06:14:00 | One of the people laid-off from their Auckland office was a friend of mine, who described the company as chaotic, desparate and constantly in crisis-mode. He was trying to manage their database (MS Access!) but got a knifed in the back by a collegue who wanted his job. People got ahead by reporting on others, not by doing anything that greatly benefitted the company. All the good people left. When I was using it, it smply looked like a front-end to Whitcoull's. The books did not seem to be any cheaper, and if they were not in stock then you had to wait weeks for the thing to arrive. In fact, it was quicker to get something from Amazon.com. |
vinref (6194) | ||
| 379802 | 2005-08-10 07:15:00 | The only "Flying Pigs" I know about were seen at Western Springs a few years ago when Pink Floyd were here!!!!!!!!!!!!!!!! PJ ;) Well time can certainly fly PJ. |
Murray P (44) | ||
| 379803 | 2005-08-10 07:24:00 | I could have told them it was going to fail and saved them millions, Amazon lost money for about 7 straight years before turning a profit,and that has a worldwide market. (and 3 thousand dollars lose a day is suicide.......) Did anyone here ever buy anything from Flying Pig?,I visited their site a couple of times and was completely unimpressed.... How could someone survive if they lose money for 7 years straight? |
Ninjabear (2948) | ||
| 379804 | 2005-08-10 08:26:00 | How could someone survive if they lose money for 7 years straight? Money is invested by parties hoping to ride the project into the profitable years. |
Metla (12) | ||
| 379805 | 2005-08-10 12:24:00 | Did anyone here ever buy anything from Flying Pig? I vaguely remember ordering two books at once - one from Flying Pig, the other from Amazon. Can't remember which one arrived first but I think it was the Amazon one. It was close to a tie anyway. |
Mercury (1316) | ||
| 379806 | 2005-08-12 06:53:00 | Ninjabear -- you are one lazy git! | Chemical Ali (118) | ||
| 379807 | 2005-08-13 05:30:00 | How could someone survive if they lose money for 7 years straight? Just to elaborate on Metla's answer, initially Amazon was a small private company in 1998 - with a great idea . But not an exclusive idea . Barnes and Noble for example did the same . It was a classic dot . com business . The business was floated on the New York stock exchange . An IPO (Initial Public Offering) . At that point investors were sold shares to put money into the company . This money was needed to help it grow very quickly - which was critical for an internet company because of all the other new internet competitors . 1997 - 2000 was the era of the dot . com share boom . Amazon's share price and many others soared in value because people believed that most commerce would be internet based in the future . Ha . :help: :rolleyes: Funnily enough 90% of these companies didn't make any money . Shareholders found they needed to put more money in, but hey - the good times were just around the corner . Right? Sometimes the money came from groups of investors, merchant banks, and venture capital funds . High risk high interest stuff . So long as investment money continued to pour in, Amazon could keep buying books etc and paying its staff . In the meantime the shareprice after 2000 took an immense dive . Millions of dollars were lost . However the miracle is that Amazon survived although I'm not sure how successfully from the original investors point of view . It may be that $100 of shares in 1998 is worth $10 today . By contrast, Ebay is a dot . com which worked . Extremely successfully . In New Zealand, Sky Television is a similar story to Amazon . Sky had 5 years of losses yet the shares held up around the $3 . 50 level throughout . And it paid off . Sky returned a massive profit in 2004, but it took years of losses to make that possible . And if TVNZ had established a competing digital service (as proposed), Sky may very well have failed altogether . |
Winston001 (3612) | ||
| 379808 | 2005-08-13 07:15:00 | Hmm interesting.From what I heard from my lecturer amazon was very sucessful. | Ninjabear (2948) | ||
| 379809 | 2005-08-13 09:46:00 | I repeat -- Ninja you are one lazy git who should be able to know how to do his/her own research if indeed you are doing sys info papers. I am completing an Information Systems major at a NZ university and I definitely know the Flying Pigs saga as well as how to do my own research. Stop leeching off the efforts and knowledge of others!! |
Chemical Ali (118) | ||
| 379810 | 2005-08-13 10:13:00 | Chemical Ali: I don't know what your problem is, but how about winding it back a bit huh? Leave off the agro please. If you don't like something/someone, then just go find another thread to read and don't post it. | Jen (38) | ||
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