- Blockbuster: At its peak, Blockbuster was a dominant player in the video rental industry, with thousands of stores worldwide. However, the company failed to adapt to the shift towards digital streaming and online rentals and filed for bankruptcy in 2010.
- Kodak: Kodak was once a giant in the photography industry, but the company failed to keep up with the transition to digital photography and eventually filed for bankruptcy in 2012.
- Enron: Enron was a major energy and commodities company that collapsed in 2001 due to massive accounting fraud and unethical practices. The company’s failure resulted in significant losses for investors and employees.
- Lehman Brothers: Lehman Brothers was a large investment bank that filed for bankruptcy in 2008 in the wake of the subprime mortgage crisis. The bank’s collapse had a major impact on the global financial system and contributed to the onset of the Great Recession.
- Theranos: Theranos was a health technology company that promised to revolutionize the blood testing industry with a proprietary device that could perform multiple tests using just a few drops of blood. However, the company’s technology was later found to be flawed, and its founder, Elizabeth Holmes, was charged with fraud. The company filed for bankruptcy in 2018.
List 5 most influential failed company In this 100 years.
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