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, the United Kingdom, as well as Canada can legally purchase its vapes and pods. … 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
Executive Summary: Flappy Bird is a mobile game in which you tap the screen to make a pixelated bird fly and avoid obstacles. Flappy Bird was deleted because its creator, Dong Nguyen, was overwhelmed by the sheer amount of interview requests and hateful sentiment he received. The original game was taken down on February 9th, … Read more
Executive Summary: Teavana is a manufacturer and distributor of various tea products. Customers can currently purchase sachets as well as cups distributed in supermarkets. Teavana failed primarily because visitor number in malls, where most of its shops were based, significantly decreased over the previous years. Founded in 1997, Teavana had been acquired by Starbucks for … Read more
Executive Summary: Solyndra was a copper indium gallium selenide solar cells manufacturer that distributed tubular solar panels for commercial rooftop installation. Solyndra failed because its cost substantially exceeded its revenue, due to heightened market competition and declining PV prices, as well as internal leadership struggles. What Is Solyndra? Solyndra was a copper indium gallium selenide … Read more