What are the biggest cases of companies that perish as a result of missed trend or failed forecast?

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My answer to What are the biggest cases of companies that perish as a result of missed trend or failed forecast?

Answer by Ken Larson:

Facebook Vs. My Space

“DIGITAL TRENDS”

“Remember MySpace? The one-time, huge social networking site that got to the scene ahead of Facebook, but eventually lost big to Facebook and other social media sites?

At the height of its popularity, MySpace was the most popular site in the entire U.S.; in July 2006, MySpace was ahead of both Google and Yahoo Mail. That dominance, however, didn’t last very long, as Facebook overtook MySpace in the number of American users by June 2009.

One man who thinks he knows how MySpace snatched defeat from the jaws of victory, in spite of its one-time lead, is Mike Jones, formerly the head of MySpace. Jones tells Business Insider he believes that Facebook was able to overtake MySpace because Facebook “perfected” the social networking concept, whereas MySpace just introduced people to it.”

Former MySpace CEO explains why MySpace lost out to Facebook so badly

What are the biggest cases of companies that perish as a result of missed trend or failed forecast?

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About rosecoveredglasses

2 Tours in US Army Vietnam. Retired from 36 Years in the Defense Industrial Complex after working on 25 major weapons systems, many of which are in use today in the Middle East. Volunteer MicroMentor. I specialize in Small, Veteran-owned, Minority-Owned and Woman-Owned Businesses beginning work for the Federal Government. MicroMentor is a non-profit organization offering free assistance to small business in business planning, operations, marketing and other aspects of starting and successfully operating a small enterprise. You can set up a case with me at MicroMentor by going to: http://www.micromentor.org/ key words: "Federal Government Contracting"

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