Executive Summary: Tumblr is a microblogging and social media platform that enables users to post text-based or visual content as well as engage with other users. Tumblr failed because it banned NSFW content, due to its inability to sell ads, lacking product stickiness, as well as differences in culture between the platform and Yahoo. What … Read more
Executive Summary: Photobucket primarily failed because of heightened competition as well as due to its inability to adapt to shifting consumer demands. Photobucket failed because of heightened competition as well as due to its dependency on other platforms. What Is Photobucket? Photobucket is an image and video hosting platform that has stored over 15 billion … Read more
Executive Summary: SHEIN is an online fast-fashion retailer that works together with thousands of manufacturers to quickly churn out new clothing designs. SHEIN makes money by purchasing clothes in bulk and selling them for a profit to consumers across the globe. The business model of SHEIN is based on testing thousands of new designs every … Read more
Executive Summary: Gaia Online is an anime-based online forum, social networking platform, as well as a virtual world that users can play in. Gaia Online can still be played, however, its user numbers are only a fraction of those it enjoyed in the mid to late 2000s. What Is Gaia Online? Gaia Online is an … Read more
Executive Summary: Shakepay is a FinTech company that enables customers to purchase and sell cryptocurrencies such as Bitcoin and Ethereum. Shakepay makes money via the spread on cryptocurrency trades as well as through interchange fees from its debit card. Founded in 2015, Shakepay has managed to raise $36 million. The service now counts over 900,000 … Read more
Executive Summary: Questrade is a FinTech company that provides online brokerage and wealth management products primarily to Canadian customers. Questrade makes money from trading fees, subscriptions, management fees for its managed portfolios, and administrative fees. What Is Questrade? Questrade is a FinTech company that provides online brokerage and wealth management products primarily to Canadian customers. … Read more
Executive Summary: Ask Jeeves, now called Ask.com, is a question-and-answer site as well as a search engine that allows users to browse the web for answers. Ask Jeeves was shut down because Ask.com, the company behind it, wanted to undergo a rebrand to further enhance its position in the search industry. What Is Ask Jeeves? … Read more
Executive Summary: Friends Reunited was a social media network that focused on helping users to get in touch with old friends and family members. Friends Reunited failed because it couldn’t keep up with the competition, due to an inappropriate business model, as well as missing crucial features. What Is Friends Reunited? Friends Reunited was a … Read more
Executive Summary: Wordle is a browser-based game that is played on a daily basis. Users have to guess a five-letter word within six tries. Wordle does currently not make any money. The game can be accessed for free although this may change in the future. What Is Wordle? Wordle is a browser-based game that is … Read more
Executive Summary: Hotmail is a free as well as paid service that allows users to send and receive emails over its web client. Hotmail was shut down in 2013 because Microsoft wanted to move users towards Outlook, which had a much better reputation and cleaner codebase. What Is Hotmail? Hotmail is a free as well … Read more