Executive Summary: StumbleUpon was a discovery engine and social networking platform that allowed its users to discover and rate web content. StumbleUpon failed because of intense competition, leadership turnover, as well as due to a buggy product. What Is StumbleUpon? StumbleUpon was a discovery engine and social networking platform that allowed its users to discover … Read more
Executive Summary: SmallWorlds is a social network and virtual game that enabled players to engage with each other, enter quests, or decorate their surroundings. SmallWorlds shut down in April 2018 because the cost of running the game was outstripping the revenue that it was generating. What Is SmallWorlds? SmallWorlds is a social network and virtual … Read more
Executive Summary: Cyberpunk 2077 is a first-person shooter role-playing video game developed and maintained by Poland-based studio CD Projekt. Cyberpunk 2077 failed because it was released prematurely, due to extremely high expectations, and incompatibility with current-gen consoles. What Is Cyberpunk 2077? Cyberpunk 2077 is a first-person shooter role-playing video game developed and maintained by Poland-based … Read more
Executive Summary: Mt. Gox was an exchange that enabled users to purchase, trade, and sell cryptocurrency-related assets such as Bitcoin. The exchange was ultimately shut down in February 2014 after a hack led to the loss of 850,000 Bitcoins. What Is Mt. Gox? Mt. Gox was an exchange that enabled users to purchase, trade, and … Read more
Executive Summary: JUUL is a manufacturer and distributor of electronic vaping devices (also called e-cigarettes) that can be filled with liquid pods. JUULs are currently not banned from being sold in most countries in the world. Consumers in the United States can legally purchase its vapes and pods. Launched in 2015, JUUL has raised over … Read more
Executive Summary: Juicero is the company behind the Juicero Press, a Wi-Fi-enabled kitchen appliance that presses juice out of pre-packaged pouches. Juicero failed due to an unattractive pricing model, an over-engineered product, bad press, as well as turmoil within the company. What Is Juicero? Juicero is the company behind the Juicero Press, a Wi-Fi-enabled kitchen … Read more
Executive Summary: Netscape Communications Corporation (originally launched as Mosaic Communications Corporation) is a former American technology company. The company developed the world’s dominating browser but ultimately lost out to Microsoft’s Internet Explorer due to a set of anticompetitive practices. AOL eventually acquired Netscape in 1998 for $10 billion. After a series of missteps, Netscape eventually … Read more
Executive Summary: MapQuest is an online mapping platform that provides location data through satellite imagery and maps. The primary reason why MapQuest failed was that its product simply wasn’t as good as alternative mapping solutions. What Is MapQuest? MapQuest is an online mapping platform that provides location data through satellite imagery and maps. People can … Read more
Executive Summary: BitConnect is a lending platform that allowed users to trade their Bitcoins in exchange for the platform’s native token and earn interest in the process. BitConnect was ultimately shut down because the platform turned out to be a Ponzi scheme and thus wasn’t able to repay its investors. What Is BitConnect? BitConnect is … Read more
Executive Summary: MoviePass was a platform that allowed users to attend a set number of movies in exchange for paying a monthly subscription fee. MoviePass failed because its business model was unsustainable, due to lack of focus, loads of competition, as well as internal struggles within the company itself. What Is MoviePass? MoviePass was a … Read more