alt Hacker NewsI should have guessed someone would answer this question in this thread with Enron :)
I did not ask for random company that went under for any reason but specific question related to users and revenue.
I should have guessed someone would answer this question in this thread with Enron :)
I did not ask for random company that went under for any reason but specific question related to users and revenue.
Well there are lots and lots of examples that don't end in bankruptcy, just a very large loss of capital for investors. The majority of the stars of the dotcom bubble just as one example: Qualcomm, pets.com, Yahoo!, MicroStrategy etc etc.
Uber, which you cite as a success, is only just starting to make any money, and any original investors are very unlikely to see a return given the huge amounts ploughed in.
MicroStrategy has transformed itself, same company, same founder, similar scam 20 years later, only this time they're peddling bitcoin as the bright new future. I'm surprised they didn't move on to GAI.
Qualcomm is now selling itself as an AI first company, is it, or is it trying to ride the next bubble?
Even if GAI becomes a roaring success, the prominent companies now are unlikely to be those with lasting success.