Introduction
A few weeks ago, I had written about the new cash back app Drop. Even in the title, I had predicted the demise of the app since their business model would never work. Well, now that it’s been 2 weeks, while I’m not going to say the deal is dead, it’s in critical trauma in the ER. Here are some data points:
- My last successful redemption was on 6/30. I submitted a payout for Amazon on 7/1 and have not heard anything and it’s been a week already
- Some people have had clawbacks due to “duplicate” transactions, which I’ll write about later.
- Some people’s accounts are negative
- Charges used to show up in pending within a day; my last charge on 7/5 is nowhere to be seen on the app
- I think everyone got the random ‘Let’s get you setup” emails on Thursday, like they somehow rebooted the system.
What do I think happened? They released a product hoping it would succeed. They were surprised at the volume in the first week of activity. Their engineers didn’t think of a loophole, which I’ll talk about in another post. Then on 7/1, they decided to shut things down while they figure out what the hell to do from now on since they can’t sustain that run-rate. Didn’t I see this in an episode of “Silicon Valley?” Anyway, if you’re already buying, then keep at it, but I wouldn’t go out of my way to hope Drop will track my purchases or pay out.
So I got spooked and made a redemption the day of this post. Noticed my points were way behind in tracking. Combined with the fact that it took the full 3 days to get the reward, I agreed Drop was on life support. Made a redemption today and it was literally instant. Got the email that I’d made a redemption, then got an email with the Starbucks code. Guess we’ll see how long they can stay afloat, but I’m pleased to have made a few bucks while it was kickin…
This Derrick Fung dude seems like a nice Canadian fella. Aren’t all Canadians haha
Too bad he got torn up, shredded and spat out as soon as he came to the country of MSers
Poor guy. Shoulda known better.
I love silicon valley – super pissed TJ Miller won’t be on it anymore though. His interactions with Jin Yang are the best part of the show imo!
Yup. Also IT Crowd. It’s a British show with a lot of dry humor. Halt and Catch Fire is another good one about the coming of personal computers before the Apple IIGS.
I watch halt and catch fire too…did that get renewed?
I’m not sure, we’ve only seen the first season.
Just looked it got a 4th and final season. The first season is by far the best imo though. I will miss staring at Donna 🙂
I’ll stick it out. Yeah, she’s not bad.