It is neither Best nor Buy. Seems that their CEO has gotten hisself WOKE so there goes the company. From Vox Day:
The new climate for business
Is one where business is rapidly shrinking. Best Buy's CEO takes a very converged position on corporate profits:
"The purpose of a company is not to make money," says Best Buy CEO Hubert Joly, discussing the need for a re-foundation of capitalism. Purposeful leadership is being clear about your purpose as an individual and how it connects to the purpose of the company where you work.
If you can't see the danger in where this is headed, then you really aren't paying attention. What is the purpose of the company where you work if it isn't to make money? How long do you anticipate working there without making money yourself? And if the purpose isn't to make money, then why do so many companies nevertheless insist on charging money for their goods and services?
Capitalism doesn't need to be refounded, it is something to which we should return. The modern day financialized corpocracy which funnels most profits to the financial institutions, the government, and the pirate class is simply not capitalism by any measure.
By the way, there is a whole conference devoted to business convergence. Look at the pictures on the linked Twitter account. There is literally zero productive business being discussed there.
Speaking truth to power. 130+ interesting comments - a lot along the line where we should just walk into the local BestBuy and ask for free stuff. To charge money for it would not be purposeful.
The last three years of BBY stock prices are actually pretty decent. We will see what happens:
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