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Apple Reseller 'Simply Mac' Shuts Down
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Agreed.
And then blaming China.
Greed.
Anti-sociality.
Punching-down.
Blame-shifting.
Ps and I’d bet dollars to doughnuts that the jerk who wrote this letter made sure he got his bonus and golden parachute.
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Sometimes troubled businesses believe - with good reason - that some emergency relief financing is about to show up to keep the business going.
And a critical part of keeping a business going AFTER that money shows up - so you can pay BACK that money - is to keep at least a big chunk of your existing, knowledgable employees.
So I wouldn't attribute what happened to greed or averse on the part of the owners - perhaps they were just optimistic.
Exponent
Mr. Been-there-done-that, in the role of the employee.
(Minor edits for readability)
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The investors gambled money and lost, I don't feel sorry for them at all. Employees didn't knowingly gamble, they're the ones hurt through no fault of their own.
Local store had this posted on door. Bad business choices blamed on COVID. Nice. Not saying COVID didn't hurt, just... wow.
They can't pay employees. Store manager is nice enough to come in to help people reclaim devices. They apparently hadn't paid rent in 6 months.
This also might answer why we were so unhappy with their service. If they were hemorrhaging money they probably couldn't provide GOOD service.
They can't pay employees. Store manager is nice enough to come in to help people reclaim devices. They apparently hadn't paid rent in 6 months.
This also might answer why we were so unhappy with their service. If they were hemorrhaging money they probably couldn't provide GOOD service.
Indeed, it explains all those "Now Hiring!" signs and moves toward unionization we're all seeing.
Instinctively, people don't enjoy being exploited, and who can blame them for avoiding it whenever possible.
These little Mac stores are screwing people on prices of older Macs anyway. I remember in 2011 before I knew better, buying an 05 Powermac G5 (I thought it was the same thing as the MP) at Simply Max for $700 and it was the 1.8GHz
Wow that sucks…
The writing was on the wall for a long time if you worked there I’m sure but to not even be able to get your last paycheck as an employee must be awful
The writing was on the wall for a long time if you worked there I’m sure but to not even be able to get your last paycheck as an employee must be awful
Anyone that does wouldn't be very smart. They are MDM and serial tracked devices
I was thinking the same thing. Additionally, those liquidation companies already have a curious relationship with ethics so it
There are times when investors are lured into businesses destined to fail. Not all investors are rich. Some are just regular people who invest their lifetime savings hoping to gain something extra. These people are not rich enough to pay an attorney to investigate what happened to their money. They are just victims. One of my clients fell as victim of one of these "Entrepreneurs", lost $50,000.00. The rest also lost their money, spent in trips and expenses that didn't justify, and maintaining the business at a level that seemed to be succeeding when in fact was simply stuck at a middle point. Money ran out, and company went bankrupt.
Employees didn't gamble their savings, just spent a limited amount of time that was not paid to them. I do feel bad for them, because it's earned money unfairly taken from them.
Hopefully none, as anyone who does that would be accused of stealing.
The reference to Wuhan explains the date he cited. Also, it is a fact.
Yeah, I never liked 3rd party stores or 3rd party "Authorized Apple Dealers" or "Authorized Repair Centers".
Back in 2007 I took my new MacBook because of a display issue, they 'repaired' it twice, problem continued. The 3rd time replaced the display, the problem continued.
I ended up opening it and putting some tape around a small cable for the display that was touching the chassis at the hinge. Problem solved in 20 minutes.
I normally wouldn't advocate stealing under any circumstance but I'll make an exception here. As others have pointed out, there is no way that company management didn't see this coming. They chose to steal from a bunch of twenty-year olds and refer them to the legal system for recourse. That's the highest order BS.
Third party resellers and repair centers provide a needed service where there is no Apple store within a reasonable distance. Some of these posts resemble Tesla elitists who complain about and make fun of non-Tesla charging stations, but they don’t criticize Tesla for not putting Superchargers in those locations.
Unfortunately, as a publicly traded company they can’t disclose such information until all regulatory requirements are covered. It’s quite possible they were attempting to acquire additional funding to stave off this eventuality but could not do so. To make a announcement even internally would have created an insider trading environment in violation of federal and state laws.
When the new MacBook Pros came out last fall, I went to my local Simply Mac to see them. The store was basically empty. No current product at all. And they had moved from one of the flagship locations in the shopping center to a tiny location at the perimeter. The kids working there were nice. They referred me to the local BestBuy. I would love it if an Apple Store moved into town.
Do insider trading rules prevent a company from shutting down while it still has funds to pay their employees?
Except that
I suppose your comment is rhetorical, but for those that don’t know the difference, the answer is no, not at all.