Wheedle and Whinging

I’m a little dubious about this new entrant in NZ online auctions – Wheedle.co.nz

Quite apart from having a bit of a failure in the naming stakes.

I wonder that TradeMe is too well entrenched with too big a community for an alternative online auctions site to prosper.

Yet, I see some very defensive comments from Sam Morgan, founder of TradeMe, that betray a bit more than just business commentary.

Sam should know.  After all, there was the failure of Pacific Fibre, a company that Sam Morgan was instrumental in funding. Not only did the business fail rather embarrassingly, the subsequent tantrums blaming a government minister, that followed in the hope of corporate handouts could be best described as lacking in dignity.

It might also be applied to the middling to poor performance of Gareth Morgan Kiwisaver funds, of which Sam Morgan was a director until KiwiBank bought them out.

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