• Tue. Feb 20th, 2024

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The Messenger Closes After Chasing a Failed Business Model

The sudden shutdown of Jimmy Finkelstein’s The Messenger on Wednesday – eight months and more than $50 million after its launch — was the latest distress signal from the world…

WeWork has failed. Like a lot of other tech startups, it left damage in its wake

The worksharing giant WeWork was supposed to fundamentally alter the future of the office. It raised billions of dollars, signed leases in office towers across North America but filed for bankruptcy…

Metaverse projects failed on lack of correct business model: MetaMinds CEO

The metaverse may no longer have mainstream appeal to some global tech leaders compared to two years ago. However, weaknesses in the testing of the various investments and initiatives in…

HSBC investor Ping An says bank’s management has failed to address ‘key business model challenges’

An HSBC bank branch in New York, on Aug. 7, 2019.Brendan McDermid/Reuters HSBC has “fundamentally failed to address key business model challenges,” its biggest shareholder said on Tuesday, in an…