Priceline Gives Up On Gas And Groceries
from the it's-about-time dept
Back when Priceline first announced they were going to get into the gasoline business I thought it was stupid. Even if gas prices have been high, I couldn't see oil companies supporting this (the gasoline doesn't "go bad" sitting in tanks) and I just thought it was more of a pain for the consumer. I don't want to log in and figure out "bid" on how much I'm going to have to pay for a fill up, and then wait around until Priceline tells me yes or no. Well, it seems that I wasn't the only one. Priceline is now getting out of that business and ditching groceries as well. The fact is, the only thing people really go to Priceline for are airline tickets, and they're not even that good at that.
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Sustainable biz...
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Re: Sustainable biz...
The only reason Priceline earned any success is because it jumped the gun on the airline companies in offering empty seats for discounted prices. Priceline is failing left and right now, the BBB has a noose around their next (priceline played with numbers on their tickets, so if you wanted a 50 dollar ticket to vegas, they would charge you 49.99 for the ticket, 30 dollars in feul costs and 25 bucks in processing fees...these numbers are made up btw), and now that more airline compaines are getting advanced sites on the web, they are selling their tickets in the exact same way priceline did but without all the bs hassle that comes with priceline.
Peng
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