Executive Summary: Polyvore was a social commerce platform that allowed users to browse and curate fashion, beauty, and interior design items. Polyvore was shut down because its user base, as well as profits, likely declined over time. When it closed down, its parent company Verizon was focusing on salvaging losses than investing in a declining … Read more
Executive Summary: Telltale Games was an American video game development studio that primarily published adventure games via an episodic format. Telltale had to shut down because it ran out of money and failed to secure the necessary funding to keep the company afloat. Founded in 2004, the company managed to raise over $54 million in … Read more
Executive Summary: Paragon was a third-person MOBA game in which two teams of five players each were pitted against each other. Paragon was primarily shut down because it failed to attract a significant player base while Epic’s other titles, Fortnite in particular, began to take off. What Was Paragon? Paragon was a third-person MOBA (Multiplayer … Read more
Executive Summary: Digg was a social network and news aggregator platform that enabled members to submit and rate news stories, pictures, videos, and other types of content across a multitude of categories. Digg failed because of poor product decisions, rising competition from other platforms, internal problems amongst its staff, as well as users trying to … Read more
Executive Summary: HQ Trivia is a live game show app that enables users to compete against each other and win real as well as virtual cash prizes. HQ Trivia failed because it failed to keep its game exciting, due to intense competition, various technical issues, as well as issues with the founder’s leadership style. How … Read more
Executive Summary: Mixer, initially launched as Beam, was a live streaming platform that enabled content creators to broadcast themselves in video format. Mixer shut down because of intensive competition, high cost of maintaining the product, lack of community building, employee turnover, technical issues, as well as Microsoft shifting its focus towards other products. What Was … Read more
Executive Summary: Yik Yak is an anonymous social media platform that allows users to read messages from others in proximity. Yik Yak failed because users moved on to other platforms, due to countless cases of cyberbullying, the removal of anonymity, as well as not having a sustainable business model. What Is Yik Yak? Yik … Read more
Executive Summary: Club Penguin was a massively multiplayer online game that allowed users to play penguin characters who could access various games, chat with each other, or adopt pets. Club Penguin was shut down because interest in the game continuously declined, which likely led to a significant decrease in revenue. What Was Club Penguin? Club … Read more
Executive Summary: Anki was a robotics company which produced and sold AI-powered toys. Its most prominent products were Anki Drive, Overdrive, Cozmo, and Vector. Anki had to shut down in April 2019 after raising close to $260 million in venture capital funding as it failed to raise additional capital. What Was Anki? Anki was a … Read more
Executive Summary: LimeWire was a peer-to-peer file-sharing program that allowed its users to download and upload music in the form of MP3 and other file formats. LimeWire was shut down in October 2010 as a result of a legal battle between the company and the Recording Industry Association of America. Launched in the year 2000, … Read more