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Rabbit was once an NFT company that it wants you to forget about (www.xda-developers.com)

submitted 6 months ago by FlyingSquid@lemmy.world to c/technology@lemmy.world

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[–] MargotRobbie@lemmy.world 27 points 6 months ago (1 children)

Plenty of companies pivot when their initial business plan doesn't work out or if the market changes.

For example, did you know that American Express used to be a shipping company like FedEx and UPS? Or Mattel used to sell picture frames before they started making toys? Or Nintendo started out as a playing card company and still sells them today?

[–] potatopotato@sh.itjust.works 36 points 6 months ago (1 children)

Yeah but the people running this seem to only be interested in pivoting between whatever the current grift is. We should come up with a word for people who do that, maybe something like "grifters".

[–] MargotRobbie@lemmy.world 10 points 6 months ago

That's a good point. Cryptocurrency and NFTs are not good things to be involved in.