Last week, Vroom, once a promising player in the online used-car sales market, announced a somewhat surprising shift in their business strategy: The company is planning to cease its e-commerce operations, halting both buying and selling on its website and to liquidate its current inventory through wholesale channels.
Excellent takedown Prof. Do you think platforms should stick to technology and stay away from managing inventory? At the end of the day, customers want seamless experiences and not aggregators like Uber. Would love your thoughts.
Great article as usual, Prof. I look forward to these every Monday!
Excellent takedown Prof. Do you think platforms should stick to technology and stay away from managing inventory? At the end of the day, customers want seamless experiences and not aggregators like Uber. Would love your thoughts.