So Zillow is changing their business model drastically. They've been focusing on advertising agents and making money off those ads with a revenue of $2B. Now they're trying out house flipping and figure there's $20B on the table. Real house flippers and even the WeBuyUglyHouses people aren't really worried because they're only focusing on houses requiring small cosmetic repairs or just a few grand of repairs/improvements. They're not fixing structural issues, adding levels, digging down, putting in additions, or any of the other things flippers do to add value. But there are a whole lot of people who want to sell quickly, don't want to deal with what needs to be done to maximize selling price, and are OK selling at a discount. I imagine wholesalers might be a little buttman. But fuck wholesalers anyway.
Ford is phasing out sedans. No more Ford Focuses? What the fuck? I'll believe it when I see it though. Trucks and SUVs are popular now. SUVs only became popular in the '80s though. I maintain that they are preposterous vehicles for the majority of people who drive them. Personally, I'm a wagon man. I rented a loaded Ford Focus wagon in Germany and loved it. Well, I totaled that car via cement tuck impact. But I liked it so much, I got a wagon of my own after totaling my old car as well and making some nice pain & suffering money from my debatably orchestrated T-boning. A nice wagon with roof rails is the best of many worlds. So anyway, that's a fucking bold move on F's part. p.s. F is the ticker symbol for Ford. You finance nerds like that shit?
Dude I had another great example - the greatest, actually - which triggered this thread in fact. But I've been composing this thread inbetween impatiently waiting for new tabs to load and forgot my original point. Anyway, let's discuss companies that have done drastic pivots (we can also vote on whether you love or hate that term) - successfully or otherwise!