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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/7\/8\/23200030\/wish-ecommerce-shopping-marketplace-go-read-this<\/a> If you need a $2 pair of jeans, a $1 pop-up pool for your backyard, and waterproof sheets for $0.50, Wish is the online store to find all that and more. Or at least it was.<\/p>\n A New York<\/em> Times <\/em>deep dive<\/a> tracks the arc of the internet\u2019s most nonsensical shopping destination known for its array of bizarre merchandise priced impossibly low. The story paints a picture of an e-commerce juggernaut\u2019s rapid ascent<\/a> that ultimately caused its own downfall when growth was prioritized over the basic tenants that shoppers expect \u2014 products arriving in a timely fashion, for example, but also more essential things, like listings being real at all.<\/p>\n One anecdote in the piece proves the impossibly low prices were, in fact, too good to be true \u2014 because Wish had posted the listings knowing they weren\u2019t real, according to the Times<\/em>.<\/p>\n There were unbelievable bargains on \u201cbestdeeal9,\u201d a store hosted on the e-commerce platform Wish, including a $2,700 smart TV being sold for $1 and a gaming computer advertised for $1.30.<\/em><\/p>\n But none of the offers were real, and Wish knew it.<\/em><\/p>\n The company, an online novelty emporium that had more than $2 billion<\/em> <\/strong><\/em>in sales last year by dangling hard-to-believe discounts, created \u201cbestdeeal9\u201d as an experiment. Listings that had been removed for violating Wish policies were reposted on \u201cbestdeeal9\u201d and used in part to track whether shoppers complained when their orders never arrived.<\/em><\/p>\n<\/blockquote>\n Employees pushed back on the fake store, from which more than 213,000 people purchased before it was shut down in 2020. <\/p>\n Employees told the Times<\/em> that bestdeeal9 was a symptom of problems at Wish as the company let customer service fall to the wayside and instead focused on growing the business. Wish spent more than $1 billion on sales and marketing last year \u2014 you might recognize the company\u2019s logo as one affixed to Los Angeles Lakers jerseys. The company rented a Bel Air mansion for influencers to make content at, now available to lease for $300,000 a month. And its digital ad strategy was like \u201cthrowing spaghetti on the wall and seeing what sticks,\u201d Jennifer M. Grygiel, an associate communications professor at Syracuse University, told the Times.<\/em><\/p>\n Scammy set-ups like bestdeaal9 were too much even for Wish shoppers, who weren\u2019t exactly expecting white-glove service. Items often took weeks to arrive, and there is an entire genre of memes poking fun at the difference between what the Wish listing advertised and what actually arrived. The company\u2019s user base and revenue have plunged in the last year, the Times <\/em>reports, <\/em>as Wish tries to turn things around.<\/p>\n Even with stricter quality controls on products, merchants and delivery, revenue in Wish\u2019s most recent fiscal quarter plunged 76 percent from a year earlier, it reported on May 5. There were 27 million monthly users at the end of the first quarter, compared with 101 million a year earlier. The company went public in 2020 at $24 a share and now trades at less than $2.<\/em><\/p>\n \u201cCompanies are supposed to evolve and mature,\u201d said Christian Limon, who was Wish\u2019s head of growth and acting chief marketing officer in 2016 and 2017. \u201cThe easiest way to say what happened is that what worked for it stopped working and it never evolved.\u201d<\/em><\/p>\n<\/blockquote>\n Internally, employees describe grueling working conditions, high turnover, absentee founders, and concerns that were ignored. In March, several hundred employees lost their jobs. More recently, Wish says it is trying to reverse course with new leadership and more accountability measures for merchants on the platform. <\/p>\n
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