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Photobucket drops pricing that angered millions
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<p>[QUOTE="ToughCOINS, post: 3102393, member: 20480"]Similar, but not exactly the same . . . Coke changed their product, and Photobucket changed their pricing. All companies contemplate changes in pricing on a regular basis, and often enact them, but are much more cautious about changing product with a long-standing track record of success like that of Coke.</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>I disagree. They were not fined by some federal agency or forced to pay reparations for some wrongdoing. Like Coca Cola Brands, they simply responded to free-market forces. Both knew the risks involved, and both were smart enough to recognize the choices made were bad ones, albeit later for Photobucket than for Coca Cola.</p><p><br /></p><p>Many executives which choose a bad direction, and later fail to reverse course end up taking the ship to the bottom, simply because they can . . . because they are not forced to do otherwise . . . because it is a free market.[/QUOTE]</p><p><br /></p>
[QUOTE="ToughCOINS, post: 3102393, member: 20480"]Similar, but not exactly the same . . . Coke changed their product, and Photobucket changed their pricing. All companies contemplate changes in pricing on a regular basis, and often enact them, but are much more cautious about changing product with a long-standing track record of success like that of Coke. I disagree. They were not fined by some federal agency or forced to pay reparations for some wrongdoing. Like Coca Cola Brands, they simply responded to free-market forces. Both knew the risks involved, and both were smart enough to recognize the choices made were bad ones, albeit later for Photobucket than for Coca Cola. Many executives which choose a bad direction, and later fail to reverse course end up taking the ship to the bottom, simply because they can . . . because they are not forced to do otherwise . . . because it is a free market.[/QUOTE]
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Photobucket drops pricing that angered millions
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