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Some businesses undergo a rapid and remarkable surge in popularity, forging a robust market presence and garnering a substantial following. Nevertheless, with the passage of time, the sheen of their success frequently diminishes, unveiling that their achievements are rooted in a blend of astute marketing tactics and, in certain instances, a fortuitous amalgamation of factors.
An online community shares which big companies they find to be the most overrated. What do you think?
1. Brand Name Jewelry Stores
“Brand name jewelry stores like Zales, Kay, and Jared. You can usually find better deals at local family owned jewelry stores or just better stuff online in general.” Shares one user. Others agreed, sharing that over 20 of the top jewelry companies in the US are all owned by one company- so much for a competitive market!
2. Phone Companies
“All the big cellular companies. I went from ATT to cricket and cut my bill to a fraction of what it was. The performance is the same or better. Big phone companies actually function more like payday loans. The bills are high but they justify it with “free” phone upgrades.” Shares one user. So much money is spent on data for most people these days.
“What a hot pile. It used to be a fun app for sharing pictures and reaching new people across the world. Now it’s a cesspool of sh***y ads, OF models, influencers, and massive meme accounts posting all of the aforementioned.” Another user agrees and asks what happened to the good old days when they could just look at pics of their friends and family?
“The company burns through so much money, has never been profitable, has no moat, has a ton of competition, banned in some countries/cities, but still has a market cap of $80 Billion.” Shares one user. The community discusses that the profit ratio for drivers is so low that they’re almost losing money on some drives.
5. Hello Fresh
“Hello Fresh. Union-busters who exploited their workers during lockdown. Over-priced, too, IMO.” Shares someone. Another admits to trying it with a coupon, but that it was too expensive for their budget once they had to pay full price for food that was only okay.
“I think Google has gone past its peak. 10 years ago it seemed like driverless cars were just a few years away and they had so many neat projects in the pipeline. Nowadays its products are becoming increasingly filled with ads.” Shares one user. Others agree and talk about all the new tech that’s going to make Google obsolete.
“Subway, it’s incredibly expensive for basically a thing of bread. They hardly fill their sandwiches anymore.” Shares one user. Another asks how they are even still in business?
8. Fast Food
“McDonalds. At least here in the UK. The food used to taste better, but now it is so mediocre that I don’t bother anymore. I’d rather pay a little more and go to a restaurant or pub.” Shares one user. A few other users agree that this is true for most fast-food restaurants these days, yet the lines at all of them tell a different story.
“Starbucks. I can’t believe people shell out that kind of money for coffee.” Shares a user. While many agree it’s not the best coffee, it is well-loved for its consistency across the world. Making it a better choice than gas station coffee or an over-priced and terrible-tasting “boutique” local coffee shop.
“Beats by Dre. Overpriced headphones that don’t even have that good audio quality.” Others agree, saying that Air pods or Sony headphones are a similar price and much better in quality.
Airbnb is recently under fire due to its effect on local economies, pricing out locals in lieu of renting short-term to tourists. Unfortunately, recent news shows these landlords, and Airbnb, are now facing financial collapse due to out-of-control rates that people can’t afford.
12. High Fashion
More than one name was thrown out for overpriced clothing and accessories, with many people confused why anyone would want to spend so much on fashion. Plus, there are often shady production practices behind the scenes as well.
Nestle is a company that always seems to pop up when talking about bad companies. “There are many possible answers, but today I select Nestle as my overrated company. True scum of the earth that one is. Hate child labor? Too bad; Nestle loves it. Child slavery? Nestle’s done that too. Plastic pollution? They do so f***g much plastic pollution it’s astounding. Contaminating groundwater? You bet!
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