Petz.com IPO Soars Despite Losing Money on Every Sale Posted by CmdrGrits on Saturday October 16, @01:00PM EDT from the we'll-make-it-up-in-volume dept. DayTraderDan writes "Online pet store Petz.com, whose sock puppet mascot has become oddly famous, went public today and closed up 85%. According to the S-1, the company sells 40-pound bags of dog food for less than the cost of shipping them. When asked about the business model, a spokesperson said: 'Eyeballs.'" I'm not saying it's a bubble. I'm saying I just saw a sock puppet with a market cap larger than my town. Petz.com IPO Soars Despite Losing Money on Every Sale | Login/Create an Account | Top | 45 comments | Search Discussion Threshold: -1: 45 comments 0: 44 comments 1: 35 comments 2: 23 comments 3: 11 comments 4: 4 comments 5: 3 comments NestedFlatThreadedNo Comments Oldest FirstNewest FirstHighest Scores First The fine print: the following comments belong to whoever typed them. Dashdot takes no responsibility for them, and frankly, neither do most of the people who typed them. FP by Anonymous Coward (Score:0) Re:FP by Anonymous Coward on Saturday October 16, @01:29PM EDT (#4) Thanks for posting this. I learned something today, which is rare for a comment section. [ Reply to This | Parent ] Re:FP by Anonymous Coward (Score:-1) Re:FP by shell_shocked (Score:0) Re:FP by Anonymous Coward on Saturday October 16, @03:35PM EDT (#15) Says the guy posting at 3am on a Tuesday. [ Reply to This | Parent ] Re:FP by modem_mike on Saturday October 16, @01:33PM EDT (#5) (User Info) Funny, I had the exact opposite experience. Ymmv, I guess. [ Reply to This | Parent ] Re:FP by Anonymous Coward on Saturday October 16, @01:38PM EDT (#6) I tried that and it set my monitor on fire. Thanks a lot. [ Reply to This | Parent ] Re:FP by JavaJunkie on Saturday October 16, @01:46PM EDT (#7) (User Info) Heh. Nice one. [ Reply to This | Parent ] We'll make it up in volume by Speculatron on Saturday October 16, @01:03PM EDT (#2) (User Info) Lose $5 on every order and make it up in volume. Classic. [ Reply to This ] Re:We'll make it up in volume by HexHead on Saturday October 16, @01:13PM EDT (#3) (User Info) This. A thousand times this. [ Reply to This | Parent ] Re:We'll make it up in volume by ladybug_lisp on Saturday October 16, @02:06PM EDT (#8) (User Info) Mod parent down! Flamebait. [ Reply to This | Parent ] Re:We'll make it up in volume by Anonymous Coward on Saturday October 16, @02:57PM EDT (#12) Citation needed. Where are you getting these numbers? [ Reply to This | Parent ] The bubble by Anonymous Coward on Saturday October 16, @02:30PM EDT (#10) When a company that ships heavy, cheap, low-margin goods over long distances is valued at a billion dollars, the market has stopped looking at fundamentals. This will end badly. [ Reply to This ] Re:The bubble by LowEarthLarry on Saturday October 16, @03:56PM EDT (#18) (User Info) Actually, that's a common misconception. The spec explicitly allows it; it's the vendors who didn't implement it. [ Reply to This | Parent ] I bought some by FidoFan on Saturday October 16, @02:42PM EDT (#11) (User Info) I bought 100 shares at the open. I'm either a genius or I'm going to be eating the dog food. Check back in a year. [ Reply to This ] Re:I bought some by CmdrGrits on Saturday October 16, @03:18PM EDT (#14) (User Info) Exactly. And the vendors know it, which is why they're scared. [ Reply to This | Parent ] Re:I bought some by JavaJunkie on Saturday October 16, @03:42PM EDT (#16) (User Info) You must be new here. [ Reply to This | Parent ] Re:I bought some by Anonymous Coward on Saturday October 16, @04:16PM EDT (#21) Real men use a magnetized needle and a steady hand. [ Reply to This | Parent ] Re:I bought some by Anonymous Coward on Saturday October 16, @03:45PM EDT (#17) Agreed. Couldn't have said it better myself. [ Reply to This | Parent ] Hmm by NavNerd on Saturday October 16, @04:00PM EDT (#19) (User Info) I wonder how long until someone ports Doom to it. [ Reply to This ] Portals sucks by mp3_maniac on Saturday October 16, @04:02PM EDT (#20) (User Info) This is why Portals sucks. I've been saying it for years. Install Linix. Problem solved. [ Reply to This ] Does it run Linix? by sysadmin_steve on Saturday October 16, @04:24PM EDT (#22) (User Info) But does it run Linix? [ Reply to This ] Re:Does it run Linix? by CoffeeCoder on Saturday October 16, @05:41PM EDT (#30) (User Info) I think you're missing the point. Nobody is arguing it's perfect, just that it's better than what we had. [ Reply to This | Parent ] Re:Does it run Linix? by pitchfork_pete on Saturday October 16, @05:52PM EDT (#31) (User Info) Don't feed the trolls. [ Reply to This | Parent ] Re:Does it run Linix? by CoffeeCoder on Saturday October 16, @06:18PM EDT (#33) (User Info) Source? My brother-in-law says otherwise, and he has a Pentode. [ Reply to This | Parent ] lol by CmdrGrits on Saturday October 16, @04:34PM EDT (#23) (User Info) lol [ Reply to This ] Re:lol by CmdrGrits on Saturday October 16, @04:54PM EDT (#25) (User Info) Hey, at least it's not Portals. [ Reply to This | Parent ] Re:lol by frostbyte on Saturday October 16, @05:08PM EDT (#27) (User Info) I work in this field, and the parent is basically right, although the details are a bit more complicated than one comment can cover. [ Reply to This | Parent ] Re:lol by RailgunRhonda on Saturday October 16, @06:31PM EDT (#34) (User Info) This is the most sensible thing I've read on Dashdot all week. Somebody mod this up. [ Reply to This | Parent ] Re:lol by MediaMaven (Score:0) Re:lol by Linixdvd on Saturday October 16, @07:18PM EDT (#39) (User Info) The parent's point stands, though: it depends entirely on the use case. [ Reply to This | Parent ] Re:lol by kludge_king on Saturday October 16, @07:33PM EDT (#40) (User Info) You're both wrong, and I'm going to explain why in a post that's way too long for anyone to read. Paragraph one: ... [ Reply to This | Parent ] Re:lol by ladybug_lisp on Saturday October 16, @06:36PM EDT (#36) (User Info) Did you even read the parent post? He said the opposite. [ Reply to This | Parent ] Re:lol by LawGeek on Saturday October 16, @07:49PM EDT (#41) (User Info) This. A thousand times this. [ Reply to This | Parent ] Re:lol by HexHead on Saturday October 16, @07:54PM EDT (#42) (User Info) Thanks for posting this. I learned something today, which is rare for a comment section. [ Reply to This | Parent ] Sock puppet by Anonymous Coward on Saturday October 16, @04:43PM EDT (#24) I'd buy the sock puppet. Just the puppet. Not the stock. [ Reply to This ] Re:Sock puppet by StargazerSue on Saturday October 16, @06:00PM EDT (#32) (User Info) Whoosh. That was the sound of the joke going over your head. [ Reply to This | Parent ] Read the article by StargazerSue on Saturday October 16, @05:16PM EDT (#28) (User Info) Did anyone actually read the article? Half the comments here are answering questions that are answered in the second paragraph. [ Reply to This ] Hmm, not so sure by JavaJunkie on Saturday October 16, @07:00PM EDT (#38) (User Info) I'm not so sure this is good news. Every time someone says 'this will change everything', it changes about 3% of something. [ Reply to This ] 10 replies beneath your current threshold. Show them all (threshold -1).

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