R.I.P. in New Coke, Windows 8, and more
Following the shocking announcement on April 21 that CNN + will only be shut down for 29 days after its first launch, many people are wondering where it went wrong.
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Amazon ordered to reinstate warehouse worker who was fired after protest
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Why J&J Is Shifting Its Focus From Covid Shots — And Seeing A Stock Resurgence
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Johnson & Johnson (JNJ) downgraded its leadership in 2022 on Tuesday and reduced its Covid vaccination vision - but JNJ's stock came to light. In the first quarter, Johnson & Johnson's Covid vaccine generated $ 457 million in sales. But mo...
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Twitter stocks rose sharply on Monday, approaching Elon Musk's $ 54.20-per share request, as he spoke harshly to the company board amid rumors that some bids could be made. Shares rose almost 7.5% to close at $ 48.45 on the second full trading day from Thursday, when the CEO of Tesla made what he called the "last and la...
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Elon Musk Hints At Tender Offer, Board Elimination In Latest Twitter Drama Twist; Stock Jumps
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Elon Musk's weekend tweets suggest another U-turn to Twitter's billionaire strategy. Twitter (TWTR) - Get Twitter, Inc. The stock index rose sharply on Monday, but remains stable under Tesla (TSLA) takeover - Get Tesla Inc Report CEO Elon Musk last week, as the world's richest man focuses on what could be a vicious and prolong...
Is Tesla (TSLA) Still a Smart Long-Term Buy
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Worm Capital, an investment management company, has published an investment letter for the first quarter of 2022 - a copy can be downloaded here. During the first quarter of this year, the fund performed well above its target, the S&P 500 TR by 25.64 percent but its annual return so far has dropped by 18.12%, compared to 4.59% of its be...
Netflix, Tesla earnings: What to know in markets this week
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Twitter needs to close a deal with Elon Musk:
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Shares of Twitter Inc. acquired Monday after a communications company launched a self-defense pill to prevent Elon Musk's unsolicited bid to take the company privately to $ 54.20 a share. The security installation on Monday confirmed the Twitter protection strategy unveiled last week, which will allow the company to issue new stock all shareholders except Musk can buy at a discounted price. It im...
And while opinions may vary, from the crowded media market to the flood of unwanted content, there is a great deal of disappointment at seeing the company invest so much in the launch to see it fail quickly.
Businesses fail for many different reasons. Some suffer from taking the opportunity to try something new that does not catch on.
For some, it is a matter of time. MySpace would not be great today, but in its time it dominated the top because it attracted people in the time it came out.
Indeed, CNN + is far from the end of a business project that crashes and burns so fast.
What Other Businesses Fail More?
New Coke
Launched in April 1985, New Coke was a response to the changing soda industry of the time. Consumers became increasingly conscious of their health and bought extra dietary soda and soft drinks, which was bad news about the sale of a leading Coke product.
As Pepsi found some love to have a sweet taste, New Coke was a remake trying to imitate that. And at first people seem to be right about it. Sales increased by 8%, and it looked like Coca-Cola Company (KO).
However, the people were not particularly happy about the change in the South. In Constance L. Hays' book “The Real Thing: Truth and Power at the Coca-Cola Company,” she reports that more than 40,000 people contacted Coca-Cola by telephone or in writing to express their anger and frustration over the change.
Just 79 days after the launch, Coke announced an old formula that would return as "Coke Classic." New Coke was renamed Coke II in 1990 and is still sold in other markets, but in 2002, it was quietly dumped on its grave.
Quibi
Quibi was a streaming service with one different perspective: Serve TV broadcasts and movies that people can watch on their phones while on the go. Originally launched in August 2018 as NewTV by Hollywood CEO Jeffrey Katzenberg and former HP CEO Meg Whitman, Quibi managed to raise $ 1.75 billion from investors, making it look like it could be the next big thing.
Launched in April 2020 as Quibi, the app proved to be a success at first, hitting 3 in the App Store and receiving 300,000 downloads on launch day. But it dropped to the top 50 a week after his release, and in early June, top officials were asked to reduce their salaries.
Quibi closed just six months later, and although many thought of reasons, there was one that stood out above all others: All of its shows were bad. One Verge writer aptly referred to them as "garbage cans."
Amazon Fire Phone
Amazon (AMZN) - Owns everything and makes billions of dollars, so it felt like launching its phone could only be a success. Amazon CEO Jeff Bezos unveiled a call to the audience during a 2014 news event, calling it an "Amazon Prime members' call" that will be packed with all the features they already love.
But unlike the easy-going Amazon Prime shipping that was very popular, the phone was full of difficulties. Couldn't use Google apps that people have relied on for other devices. Importing the iTunes library was painful. Battery life was not good. Worst of all, the only way to get a phone for less than $ 650 was to sign a contract with AT&T, which many did not want to do.
In September 2014, AT&T reduced phone costs to 99 cents on a two-year contract. The Fire Brigade had officially failed.
Burger King Satisfries
If you have never heard of these, do not worry — they came and went so quickly that most people missed them completely. They happened in the first place because Burger King of Restaurant Brands International (RBI) decided to try a healthy version of French fries in 2013.
Called Satisfries, they promise to contain 40% less fat and 30% fewer calories. Surprisingly, they were higher in calories than the standard order of the films, and more expensive, too ($ 1.89 compared to $ 1.59 for the standard type).
Some customers call them "saddest fries" which should give you a good idea of how well they go.
Surprisingly, the films have been canceled in 2014, and people continue to order old movies that they know and love. French films are not the same as trying to be healthy.
Windows 8
Microsoft Vision (MSFT) People were working on both PCs and tablets, so they wanted to introduce a operating system that could handle both.
The OS was launched in 2012, and has left customers feeling confused. The Start button has been removed and the Start menu has been replaced by the start screen, leaving long-lost Windows users to navigate.
Windows 8 acquisition numbers were free, and in response, Microsoft announced in 2014 that its next birth of the OS would bring back old features that people were familiar with. It was a brave effort in many ways, but it was a huge change over time.
