Executive Summary: OZY is an online media organization that creates audio, text, and video-based content across a variety of platforms. OZY Media’s former COO Samir Rao was caught impersonating a YouTube executive, which led to a temporary unraveling of the firm and the loss of both revenue and investor confidence. What Is OZY? OZY is … Read more
Executive Summary: Luckin Coffee is a Chinese coffeehouse chain selling not only coffee but other beverages like tea and juices as well as food. The firm’s executives inflated 2019 sales numbers by more than $300 million, which caused a delisting of its stock and led to Luckin going bankrupt. What Is Luckin Coffee? Luckin Coffee, … Read more
Google Glass was one of the first hardware forays the Mountain View-based search giant embarked on. After the early hype, which resulted in Time Magazine naming it the Best Invention of the Year, Google Glass’ fall from grace couldn’t have been more spectacular. Google shuttered the project, which had been solely made available to a … Read more
One of every three adults in the United States is currently contemplating to cancel their cable TV subscription. On top of that, over 30 million people have cut the cord from 2017 to 2022 alone. Meanwhile, streaming platforms like Netflix or Disney+ have now amassed hundreds of millions of loyal and paying subscribers. Even old-school … Read more
Facebook, with almost 3 billion users, has managed to become the world’s largest social platform. Almost half of the entire planet is now registered on Facebook. This has certainly translated into huge revenue figures for the company, which rebranded into Meta back in October 2021. In 2021 alone, Meta generated close to $117 billion in … Read more
Executive Summary: Hi5 is a social networking website on which users can set up profiles as well as connect with other members. Hi5 failed because it couldn’t keep up with its competition. Facebook, in particular, was able to raise substantially more in funding, which enabled it to hire the world’s best engineers. What Is … Read more
Executive Summary: Bebo was a social media site on which users could set up their own profiles and connect with other members. Bebo failed because it couldn’t keep up with its competition and to AOL’s unwillingness to invest in the platform. What Is Bebo? Bebo is primarily known as a social media site on which … Read more
Executive Summary: Figleaves was an online retailer out of Great Britain that specialized in the distribution of lingerie and related female clothing. Figleaves was shut down because interest in the company slowly began to fade while N Brown wanted to streamline its businesses to boost growth. What Is Figleaves? Figleaves is an online retailer based … Read more
Executive Summary: CNN+ was a premium streaming service from the namesake news station that could be accessed by paying a subscription fee. CNN+ failed because of low subscriber numbers, extensive cost projections, a change in leadership, competition, and shifting strategic goals at Warner Bros. Discovery. What Is CNN+? CNN+ (spelled CNN Plus) was a premium … Read more
Executive Summary: Facebook Jobs is a feature on Facebook with which business owners can post and advertise available work. Facebook Jobs, in all likeliness, was shut down outside the United States and Canada because it wasn’t popular enough. What Is Facebook Jobs? Facebook Jobs is a feature on the namesake social media platform that enables … Read more