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
Executive Summary: Periscope is a social network that allows users to broadcast and consume live-streamed video content. On March 31st, 2021, Periscope was shut down because the cost of maintaining and expanding the platform was outweighing the revenue that it was generating. What Is Periscope? Periscope is a social network that allows users to broadcast … Read more
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