Verb Technology Company Inc (VERB)

[dukeb]

I saw that comment and thought....well...JR30 works for a company that does dumb stuff and hires dumb people.

Have you ever watched the CNBC show "The Profit" ? There are no new episodes but checking out the prior seasons is worthwhile. Marcus Lemonis, who owns the Camping World retail chain, goes into small businesses that are failing. He does a quick look see to determine if it's something that he thinks he can fix. He then makes an offer to become a partner. If his offer is accepted one of the first things he does is look for stale inventory that isn't selling. He sets up a firesale of sorts, sometimes pricing things at 10 cents on the dollar.

This does two things:

1) It converts stuff that isn't selling into working capital
2) It frees up storage space allowing the company to either reduce its real estate footprint or free up space that can be used more productively.

To his credit, Rory is fairly quick to abandon his bad ideas. He blows through tens of millions of investors' money each time and he never accepts responsibility for his failures, but he does pivot regularly.

Go back and look at David Meltzer's videos where he gushes over Rory as a visionary who is going to change the trajectory of on-line shopping with Market.live.

Looks like Market.live is dead...and Rory has moved on to TikTok.