What Happened To Club Penguin? Why Did It Shut Down?

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

What Happened To Anki? Why Did It Shut Down?

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

The Wealthsimple Business Model – How Does Wealthsimple Make Money?

Executive Summary: Wealthsimple is a personal finance platform offering a variety of products, including automatic investment portfolios, tax optimization, or (crypto) trading. Wealthsimple makes money via management fees, currency conversion fees, operations fees, additional services, interest on cash, as well as interchange fees. Founded in 2014, Wealthsimple has grown to become Canada’s biggest robo-advisor. The … Read more

The Getir Business Model – How Does Getir Make Money?

Executive Summary: Getir is an online grocery delivery platform that ships products within 10 minutes. The platform works together with local warehouse operators who then deliver the products. Getir makes money by selling groceries (and other products) at marked-up prices as well as via delivery and other associated fees. Founded in 2015, Getir has quickly … Read more

The Just Eat Business Model – How Does Just Eat Make Money?

Executive Summary: Just Eat is an online food delivery platform that allows customers to order from over 580,000 restaurants in 24 countries. Just Eat makes money via restaurant commissions, delivery fees, delivery and service fees, sponsored placements, merchandise and packaging sales, as well as interchange fees. The company operates on a marketplace business model. Founded … Read more

The Nubank Business Model – How Does Nubank Make Money?

Executive Summary: Nubank is a neobank that offers a variety of financial products, including savings accounts, loans, or insurances, to either individual or small business customers. Nubank makes money via interchange fees, interest on customer deposits, overdraft fees, ATM withdrawal fees, subscriptions, referral fees, interest from loans, as well as insurance premiums. Founded in 2013, … Read more

The Bolt Business Model – How Does Bolt Make Money?

Executive Summary: Bolt is an app that offers various mobility-related services, including ride-hailing, food delivery, as well as e-scooter and car rentals. Bolt makes money via commission fees, e-scooter and car rentals, software subscription fees, as well as franchising fees. Bolt operates on a marketplace business model. Launched in 2013 as Taxify, Bolt has grown … Read more