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Its business model was broken.
He said there was "no sense or perception" that the direct-sales model was broken.
But the old Household model was broken by the very boom that it helped to create.
A couple of years ago, the Internet boom was cited as proof that the accounting model was broken.
Goldman's business model was broken because it made a classic banking mistake: it lent long and borrowed short.
Since late 2004 we have been told that the Channel 4 model was broken, subsequently that it needed access to BBC cash.
Similar(40)
"The model is broken".
The old model is broken.
The neoliberal model is broken.
The debt-fuelled model is broken.
"The business model is broken," he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com