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(Daily Mail)   Turns out no one wanted to buy her merchandise or read her posts whining about her rich people problems. Gwyneth Paltrow's lifestyle website Goop is gooped after losing 300k and being $1.2m in debt   (dailymail.co.uk ) divider line
    More: Followup, Gwyneth Paltrow, Gwyneth, CEO  
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3776 clicks; posted to Entertainment » on 22 Apr 2014 at 7:50 AM (2 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-04-22 06:47:50 AM  
All things considered, an internet startup that ends with 1.2 million in debt is considered a pretty good outcome. Besides, it sounds like most of the debt is because Paltrow was using the company as a bank account.
 
2014-04-22 06:49:28 AM  

RexTalionis: All things considered, an internet startup that ends with 1.2 million in debt is considered a pretty good outcome. Besides, it sounds like most part of the debt is because Paltrow was using the company as a bank account.

 
2014-04-22 07:06:57 AM  
Maybe if the company regroops with a better strategy, it can recoop some or all of its losses.

Goop is the second worst website name to Zap.
 
2014-04-22 07:23:01 AM  
FTFA: "As well as the website, Gwyneth is also an accomplished auther, and her last cookbook, It's  All Good, became a hit after reaching number one on the New York Times Best Seller List."

Was the article transcribed from fist-crayon?
 
2014-04-22 07:57:36 AM  
According to their website, I should receive my $3000.00 playing cards any day.  They wouldn't lie, would they?
 
2014-04-22 07:59:54 AM  
But "Goop" was such a great name!
 
2014-04-22 08:03:10 AM  
How does one go 1.2 million in debt running a website?

FTA
The site claims also that it is in part because Gwyneth took an interest free loan from the company's treasury.

Ahhh, that sheds some more light on it.
 
2014-04-22 08:09:44 AM  
Does she sell stuff on there?  I thought it was just a mommy-poor shaming blog.  How does one 'lose' money on a blog?
 
2014-04-22 08:10:11 AM  

ongbok: How does one go 1.2 million in debt running a website?

FTA
The site claims also that it is in part because Gwyneth took an interest free loan from the company's treasury.

Ahhh, that sheds some more light on it.


Isn't the decriminalization of embezzlement for the capitalist-class wonderful?
 
2014-04-22 08:12:39 AM  

ongbok: How does one go 1.2 million in debt running a website?

FTA
The site claims also that it is in part because Gwyneth took an interest free loan from the company's treasury.

Ahhh, that sheds some more light on it.


SO the website din't piss her money away, it was her lack of insight.
 
2014-04-22 08:15:20 AM  

RexTalionis: All things considered, an internet startup that ends with 1.2 million in debt is considered a pretty good outcome. Besides, it sounds like most of the debt is because Paltrow was using the company as a bank account.


It's nice when someone else does all the typing for me.  Really takes a load off the ol' fingers.
 
2014-04-22 08:21:14 AM  
But....she's an accomplished auther! The article says so!
 
2014-04-22 08:22:11 AM  
Somehow I don't think she's going to miss any cruelty -free organic, hyper local meals.
 
Skr
2014-04-22 08:25:29 AM  
Pepper Pots seems to be the only thing shes done right in recent memory.
 
2014-04-22 08:36:14 AM  
Why the hell would she need to take a loan from the company?
 
2014-04-22 08:39:27 AM  
Couldn't happen to a bigger coont
 
2014-04-22 08:39:37 AM  
She's getting divorced. It has to be some kind of tax write-off or paper-trail-poverty trick.
 
2014-04-22 08:43:50 AM  

Mr. Coffee Nerves: FTFA: "As well as the website, Gwyneth is also an accomplished auther, and her last cookbook, It's  All Good, became a hit after reaching number one on the New York Times Best Seller List."

Was the article transcribed from fist-crayon?


But God forbid they charge you to read it, amirite?

Heron: ongbok: How does one go 1.2 million in debt running a website?

FTA
The site claims also that it is in part because Gwyneth took an interest free loan from the company's treasury.

Ahhh, that sheds some more light on it.

Isn't the decriminalization of embezzlement for the capitalist-class wonderful?


I'm not sure you really understand finance.  Or business in general.
 
2014-04-22 08:48:19 AM  

ongbok: How does one go 1.2 million in debt running a website?

FTA
The site claims also that it is in part because Gwyneth took an interest free loan from the company's treasury.

Ahhh, that sheds some more light on it.


I think the whole "loaning money to corporate officers" thing is bullshiat... but, it happens.

CSB:

Many years ago I worked for small private firm that put almost all of its eggs into one basket. Long story short, we didn't win the renewal on a federal government contract that generated half of the company's revenue; shiat went south in a hurry.

The corporate officers scrambled to find a bank that would extend us a line of credit. Most turned us down. One agreed; however, they would not finalize the deal until ALL of the loans made to corporate officers were paid back to the company.

To this day I still get a kick out of the CEO having to sell his Newport Beach home and move into an apartment.

Even more CSB... turned out the reason the firm lost the renewal was because the program manager somehow "acquired" a competitors bid proposal. He sat on it for a couple weeks (and the CEO knew about it, too). Someone dropped the dime on them and the federal government agency disqualified us. Douchebags.
 
2014-04-22 08:51:32 AM  

Turfshoe: Why the hell would she need to take a loan from the company?


Rich people like free money more than poor people.
 
2014-04-22 08:56:11 AM  
I know a way she could make that website a success, but she'll have to appeal to a slightly different demographic.  If you know what I mean and I think you do.
 
2014-04-22 09:04:34 AM  
Loaning money to corporate officers is bull.

That being said, it shouldn't affect profitability. You're transferring case (an asset) to a promise to receive payment in the future,
without interest (also an asset). You could argue that an opportunity loss (could have invested the money and made interest) would
be unprofitable.

Either way, the loan doesn't affect profitability. They just threw it in to let us know there is some interesting things going on behind the scenes.
 
2014-04-22 09:05:01 AM  

HotWingConspiracy: Turfshoe: Why the hell would she need to take a loan from the company?

Rich people like deserve free money more than poor people.


ftfy
But, it's poor people with refrigerators who are the takers.
 
2014-04-22 09:15:29 AM  
I love goop .  One of the better grease cutting hand cleaners.
 
2014-04-22 09:17:37 AM  
What's in the box?
 
2014-04-22 09:38:58 AM  

LeroyB: What's in the box?


Obviously not the lead-whiner for Coldplay.
 
2014-04-22 09:41:42 AM  

buntz: Does she sell stuff on there?  I thought it was just a mommy-poor shaming blog.  How does one 'lose' money on a blog?


Thought the same. And "poor" to her is probably like:

"I saw this pleb the other day with a Coach purse driving a 2013 Prius. Can you imagine? I can't believe her nanny let her out of the house. Oh wait, she probably doesn't have a nanny!!!!"
 
2014-04-22 09:45:23 AM  
"Making a loss: Goop - a lifestyle website and brand - is said to have made a loss after Gwyneth and her former CEO both took interest-free loans from the treasury"

That's legal?!
 
2014-04-22 09:46:27 AM  

Target Builder: "Making a loss: Goop - a lifestyle website and brand - is said to have made a loss after Gwyneth and her former CEO both took interest-free loans from the treasury"

That's legal?!


sounds like embezzlement to me
 
2014-04-22 09:47:20 AM  

AverageAmericanGuy: Maybe if the company regroops with a better strategy, it can recoop some or all of its losses.

Goop is the second worst website name to Zap.


Flooz would like to have a word with you.

If it were still around that is.
 
2014-04-22 09:54:37 AM  

poot_rootbeer: But "Goop" was such a great name!


It's what's emitted from a colon cleanse!
 
2014-04-22 09:57:30 AM  
But it seems that shock tactics have been unable to save Gwyneth Paltrow's lifestyle website Goop from making a loss of profits.

Is this really how such things are termed in the English press? Or is it just a complete failure on the part of the author and editors?

Next time, just say "losing money."
 
2014-04-22 09:57:59 AM  

Saiga410: I love goop .  One of the better grease cutting hand cleaners.


Meh I prefer dish soap, wife hates it since I do it in the kitchen sink :D
 
2014-04-22 10:03:15 AM  
In her case the website was more to feed her ego than to make a profit. However, there are apparently a select few 'lifestyle' blogs and websites that are generating huge amounts of revenue. One if them is Pioneer Woman. Branding yourself can be very lucrative, and one of the reasons that people appear on the Real Housewives shows is so they can spin off sideline businesses like wines or handbags or dresses, and if course writing books.
 
2014-04-22 10:27:26 AM  

Crewmannumber6: Target Builder: "Making a loss: Goop - a lifestyle website and brand - is said to have made a loss after Gwyneth and her former CEO both took interest-free loans from the treasury"

That's legal?!

sounds like embezzlement to me


If you intend to pay it back, it's a loan.
If you don't intend to pay it back, then it's embezzlement.

This could go either way.
 
2014-04-22 10:42:54 AM  

Mr. Coffee Nerves: FTFA: "As well as the website, Gwyneth is also an accomplished auther, and her last cookbook, It's  All Good, became a hit after reaching number one on the New York Times Best Seller List."

Was the article transcribed from fist-crayon?


This seems backwards to me. Shouldn't it be that it went to number one on the New York Times Best Seller List after becoming a hit? Or does that list have absolutely no meaning left whatsoever?
 
2014-04-22 10:55:01 AM  

Huggermugger: In her case the website was more to feed her ego than to make a profit. However, there are apparently a select few 'lifestyle' blogs and websites that are generating huge amounts of revenue. One if them is Pioneer Woman. Branding yourself can be very lucrative, and one of the reasons that people appear on the Real Housewives shows is so they can spin off sideline businesses like wines or handbags or dresses, and if course writing books.


I have a lawyer friend who says that the newest thing for 20 something parents to do is trademark their kids brand. I have no idea what that means, didn't want to ask him because it sounded stupid, but he said it is quick easy money for him.
 
2014-04-22 10:56:26 AM  

i26.photobucket.com

RIP GOOP

 
2014-04-22 10:57:51 AM  

Heron: ongbok: How does one go 1.2 million in debt running a website?

FTA
The site claims also that it is in part because Gwyneth took an interest free loan from the company's treasury.

Ahhh, that sheds some more light on it.

Isn't the decriminalization of embezzlement for the capitalist- oligarch class wonderful?


she epitomizes the Ugly American, except living in New York City
it is a pity, cause I luv her mom Blythe Danner
 
2014-04-22 11:02:03 AM  
2.bp.blogspot.com

RIP GOOPS
 
2014-04-22 11:03:30 AM  

Archie Goodwin: Crewmannumber6: Target Builder: "Making a loss: Goop - a lifestyle website and brand - is said to have made a loss after Gwyneth and her former CEO both took interest-free loans from the treasury"

That's legal?!

sounds like embezzlement to me

If you intend to pay it back, it's a loan.
If you don't intend to pay it back, then it's embezzlement.

This could go either way.


i was going to say all sorts of stuff about corporate management, decisions to lend, etc... but then I looked up goop and realized it is registered in England.

/ IANABS (barrister or solicitor)
 
2014-04-22 11:56:29 AM  

frontwheeldriver: she epitomizes the Ugly American, except living in New York City

I've got no interest in white knighting Paltrow, but she doesn't really fit the "Ugly American" label. The conventional definition of that phrase is an American who, when traveling overseas, doesn't bother to understand another country's culture, traditions, language, etc., and believes and acts as if they are superior to the people of their host country simply because of being American.

That's not Paltrow. From what I've seen -- which admittedly isn't much -- she's well-traveled and actively praises the foreign cultures she's in, complimenting their food, their art, their culture, etc. I recall seeing a travel show she did (with Bobby Flay, maybe?) where she traveled around Italy (I think?) tasting local food and wine, going to galleries, etc., and, contrary to the Ugly American stereotype of "they're inferior to us," Paltrow's hook was just the opposite: "they're so much more civilized than us because they drink wine with every meal and don't eat in front of the t.v. and they use fresh ingredients, etc."

Now, you could make the argument that this is a sort of new, anti-Ugly Americanism for the rich: going to another country and blindly praising it and using it to point out the flaws of middle-class America. But I wouldn't say that Paltrow fits the typical "Ugly American" label.
 
2014-04-22 12:02:41 PM  

Cybernetic: But it seems that shock tactics have been unable to save Gwyneth Paltrow's lifestyle website Goop from making a loss of profits.

Is this really how such things are termed in the English press? Or is it just a complete failure on the part of the author and editors?

Next time, just say "losing money."


Maybe "making a loss" is similar to the company have a "conscious uncoupling" of its profits..

Wordsmithing. What can't it do?
 
2014-04-22 12:03:31 PM  

ongbok: Huggermugger: In her case the website was more to feed her ego than to make a profit. However, there are apparently a select few 'lifestyle' blogs and websites that are generating huge amounts of revenue. One if them is Pioneer Woman. Branding yourself can be very lucrative, and one of the reasons that people appear on the Real Housewives shows is so they can spin off sideline businesses like wines or handbags or dresses, and if course writing books.

I have a lawyer friend who says that the newest thing for 20 something parents to do is trademark their kids brand. I have no idea what that means, didn't want to ask him because it sounded stupid, but he said it is quick easy money for him.


It's the new thing for parents with too much money. It's sort of like how music/movie stars will jump-start their kids single or career.

For example, Willow Smith's "I whip my hair back and forth" and Gwenyth's first role in the Hook movie. There was also a Vogue article last year that "showcased" the 2 tween sons of some super-rich guy I never heard of. I wonder how much money Daddy paid for that.

I also remember a reality show for a "Mommy Consultant" in Manhattan who set-up a focus group for baby names for a particular Marketing Robot client, they ignored the suggestions of the focus group and went for the pretentious "Bowen Archer".

/Farking Marketing Robots are ruining SXSW and Tech conferences as well
 
2014-04-22 12:11:39 PM  

shortymac: ongbok: Huggermugger: In her case the website was more to feed her ego than to make a profit. However, there are apparently a select few 'lifestyle' blogs and websites that are generating huge amounts of revenue. One if them is Pioneer Woman. Branding yourself can be very lucrative, and one of the reasons that people appear on the Real Housewives shows is so they can spin off sideline businesses like wines or handbags or dresses, and if course writing books.

I have a lawyer friend who says that the newest thing for 20 something parents to do is trademark their kids brand. I have no idea what that means, didn't want to ask him because it sounded stupid, but he said it is quick easy money for him.

It's the new thing for parents with too much money. It's sort of like how music/movie stars will jump-start their kids single or career.

For example, Willow Smith's "I whip my hair back and forth" and Gwenyth's first role in the Hook movie. There was also a Vogue article last year that "showcased" the 2 tween sons of some super-rich guy I never heard of. I wonder how much money Daddy paid for that.

I also remember a reality show for a "Mommy Consultant" in Manhattan who set-up a focus group for baby names for a particular Marketing Robot client, they ignored the suggestions of the focus group and went for the pretentious "Bowen Archer".

/Farking Marketing Robots are ruining SXSW and Tech conferences as well


I'm not talking about rich people and celebrities trying to make their kids famous. I'm talking normal everyday 9 to 5ers trademarking their kids "brand".
 
2014-04-22 12:18:11 PM  

Uzzah: frontwheeldriver: she epitomizes the Ugly American, except living in New York City
I've got no interest in white knighting Paltrow, but she doesn't really fit the "Ugly American" label. The conventional definition of that phrase is an American who, when traveling overseas, doesn't bother to understand another country's culture, traditions, language, etc., and believes and acts as if they are superior to the people of their host country simply because of being American.

That's not Paltrow. From what I've seen -- which admittedly isn't much -- she's well-traveled and actively praises the foreign cultures she's in, complimenting their food, their art, their culture, etc. I recall seeing a travel show she did (with Bobby Flay, maybe?) where she traveled around Italy (I think?) tasting local food and wine, going to galleries, etc., and, contrary to the Ugly American stereotype of "they're inferior to us," Paltrow's hook was just the opposite: "they're so much more civilized than us because they drink wine with every meal and don't eat in front of the t.v. and they use fresh ingredients, etc."

Now, you could make the argument that this is a sort of new, anti-Ugly Americanism for the rich: going to another country and blindly praising it and using it to point out the flaws of middle-class America. But I wouldn't say that Paltrow fits the typical "Ugly American" label.




It was Mario Batali (sp?). Came on PBS I think. My mom loved it.
 
2014-04-22 12:29:13 PM  
So, a merely moderately attractive, slightly talented, stuck-on-herself "star" who only got anywhere in Hollywood because she was the daughter of Blythe Danner and a fairly successful producer and whose only "major" roles recently has been second banana to Robert Downey Jr. has turned out not to be dripping with pearls of wisdom that people would dish out oodles of cash for?

Really?

Hoodathunkit?
 
2014-04-22 12:37:06 PM  
Probably using the company to pay for 5 star hotel rooms and first class air tickets.

She needs to be punched in the face.
 
2014-04-22 01:17:36 PM  

Uzzah: frontwheeldriver: she epitomizes the Ugly American, except living in New York City
I've got no interest in white knighting Paltrow, but she doesn't really fit the "Ugly American" label. The conventional definition of that phrase is an American who, when traveling overseas, doesn't bother to understand another country's culture, traditions, language, etc., and believes and acts as if they are superior to the people of their host country simply because of being American.

That's not Paltrow. From what I've seen -- which admittedly isn't much -- she's well-traveled and actively praises the foreign cultures she's in, complimenting their food, their art, their culture, etc. I recall seeing a travel show she did (with Bobby Flay, maybe?) where she traveled around Italy (I think?) tasting local food and wine, going to galleries, etc., and, contrary to the Ugly American stereotype of "they're inferior to us," Paltrow's hook was just the opposite: "they're so much more civilized than us because they drink wine with every meal and don't eat in front of the t.v. and they use fresh ingredients, etc."

Now, you could make the argument that this is a sort of new, anti-Ugly Americanism for the rich: going to another country and blindly praising it and using it to point out the flaws of middle-class America. But I wouldn't say that Paltrow fits the typical "Ugly American" label.



Meh,

I was thinking more towards the lines from the book where the foreign journalist says "For some reason, the Americans I meet in my country are not the same as the ones I knew in the United States. A mysterious change seems to come over them when they go to a foreign land. They isolate themselves socially. They live pretentiously. They're loud and ostentatious."  or something like that... but, white people problems are the same everywhere I suppose
 
2014-04-22 01:18:36 PM  
Divorce is always the man's fault. Always. Unless you're Gweneth Paltrow, divorce is always the man's fault.

Interest free loans are a well established way for the riches to avoid taxes.
 
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