Worst Company Disasters! | Top 6 Blunders

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  • Published: 03 September 2016
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    Hi, welcome to ColdFusion (formerly known as ColdfusTion).
    Experience the cutting edge of the world around us in a fun relaxed atmosphere.

    Sources:

    Excite
    todayifoundout.com/index.php/2013/03/excite-had-a-chance-to-buy-google-for-750k-but-turned-it-down/

    Kodak
    mashable.com/2012/01/20/kodak-digital-missteps/#bTwoOZCuzZqV
    google.com/patents/US4131919

    Nasa
    edition.cnn.com/TECH/space/9909/30/mars.metric.02/

    Blockbuster
    cnet.com/news/blockbuster-laughed-at-netflix-partnership-offer/

    Nokia
    linkedin.com/pulse/nokia-ceo-ended-his-speech-saying-we-didnt-do-anything-ziyad-jawabra
    theinquirer.net/inquirer/news/2465691/nokia-to-make-smartphone-comeback-with-duo-of-android-70-nougat-handsets

    Xerox
    businessinsider.com.au/xerox-was-actually-first-to-invent-the-pc-they-just-forgot-to-do-anything-with-it-2012-2
    history-computer.com/ModernComputer/Personal/Alto.html

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Comments • 6 141

  • black pepper
    black pepper  3 hours back

    Xerox also lost some of their critical printing technology to Microsoft and Apple.

    • black pepper
      black pepper  3 hours back

      Block buster destroyed themselves with late fees

      • SlackerMark
        SlackerMark  4 hours back

        I don't think that's fair about Exite, in 1999 Google wasn't really on the road to success yet. It wasn't until at least 2000 that they started taking off and didn't make a big splash until 2004 when they went public and then purchased Google Maps. Their deal with Yahoo was big and a money maker, but I don't think they would be where they are today if they hadn't purchased what is now called Google Maps. For example Yahoo.com was still the most visited website in the United States until about 2008. Not that I know everything, but I wonder if Google would even exist today if someone had purchased them before 2004.

        • SlackerMark
          SlackerMark  4 hours back

          Oh and of course Xerox's screw up is legendary and it sounds like everyone in computers at the time knew it, even Bill Gates saw what Xerox had and influenced everything in computers we see today.

        • SlackerMark
          SlackerMark  4 hours back

          Great video, I never would have thought to include the Mars orbiter or that it wasn't necessarily NASA's fault. I also learned something about Nokia, but I do know that they had two great opportunities to be even bigger than Samsung is in the mobile phone market and failed when it appeared they had everything going for them.

      • Samonitari
        Samonitari  8 hours back

        Nokia's fail wasn't refusing to use Android!

        The mistake was holding back MeeGo even from itself (only meant for high end, trying to keep Symbian on mid and low-end), then killing the project altogether because of the Microsoft deal).



        Nokia N9 was more revolutionary than any IPhone except maybe the first - too much in fact.
        Consumer (dumb) majority needed six years and an Apple logo to celebrate button-less gesture navigation...

        If I had only one chance with a time machine, I would go back and annihilate a good part of the Nokia management, and push MeeGo through.

        • Melissa
          Melissa  10 hours back

          Um isn't google still known as google?
          And I used AskJeeves, Yahoo. Msn, I miss that chatrooms Yahoo! lol

          • PaulXT1200Z
            PaulXT1200Z  17 hours back

            It still boggles my mind why dish network bought blockbuster at the time of their spiral down????

            • Tom Nguyen
              Tom Nguyen  1 days back

              only thing i miss......................blockbuster. is not about movies, is about trying to get in the store first to get the last one available.

              • Tom Yazel
                Tom Yazel  1 days back

                and I thought Steve Jobs invented all this shit...wtf?

                • Tom Yazel
                  Tom Yazel  1 days back

                  Naukia or NOkia?  blunder #7 from ColdFusion.

                  • Tom Yazel
                    Tom Yazel  1 days back

                    silly premise.  Blunders?  they became obsolete because innovation...it happens.

                    • warreb studios
                      warreb studios  1 days back

                      2019 update: Kodak is now apart of a company called Kodak Alaris. Kodak has seemingly rode out the "digital craze" and is now bringing film back to the market. Just recently Kodak actually brought back Ektachrome, after a half decade hiatus. Since film photography is becoming less niche and more apart of popular culture I don't expect Kodak to die out quite yet.

                      Another company that is doing better is Nokia, they have produced some more phones via that one company that acquired them. No word on whether they will gain a foothold in the market though or remain an obscure niche company.

                      • Kevin Seeley
                        Kevin Seeley  2 days back

                        Xerox basically gave away everything from the modern computing environment. The GUI interface, networking and email. The three things that created the modern information technology revolution.

                        • GVSolo
                          GVSolo  2 days back

                          Great video. Great history lesson.

                          • mario parra
                            mario parra  2 days back

                            sears,jcpenny, toysrus,kmart and sony are making same mistake

                            • Sacred Sun
                              Sacred Sun  2 days back

                              All things end. How and when they end is up to numerous reasons, but at some point things get left behind. Though from the businesses that fade newer businesses rise to continue the cycle. So in truth at a businesses end we can cite their lack to see x,y,z is why they failed. When the business might have failed anyways and potentially taken the new business down with it. Ie the businesses and/or technology they passed on allowed that business and/or technology to grow, etc.

                              • Rix Rocket, The Rescue Dog

                                OMG this was funny!!

                                • fumblerooskie
                                  fumblerooskie  3 days back

                                  Kodak does a lot more than just cameras.

                                  • duncan wood
                                    duncan wood  3 days back

                                    Wow! that Xerox Alto looks 25+yrs Ahead of its Time, Better than what I have! -Cheers👍😉

                                    • Umbrex
                                      Umbrex  3 days back

                                      yeah i was surprised too

                                  • vanhetgoor
                                    vanhetgoor  4 days back

                                    Maybe you are in a parallel dimension, but Nokia will killed off by Microsoft through forcing Nokia to use the Windows Phone operating system. I still use my Symbian Nokia telephone and there has not been a problem since it left the factory more the a decade ago. It still is my number one telephone, because it never failed. I renewed the sim-card twice and the same goes for the battery. In the mean time one Samsung hung up on me and some other grew out of their software. My Nokia still works!

                                    • Robert Mills
                                      Robert Mills  5 days back

                                      Blockbuster also ticked off thousands of customers with their late fees. Whether the movie was late or not.

                                      • Ron
                                        Ron  5 days back

                                        Every company that produces anything with a digital camera PAYS Kodak for the use of it. I used to work for Kodak during the bankruptcy and used to read stories on the company website all the time about them suing companies like Apple and RIM (Blackberry) for royalties. Trust me they STILL make money off the digital camera to this day. They did after all invent it. Their also still going strong in the movie film business side of things. They went bankrupt and had to sell off a few divisions (including mine, the Event Imaging side) because of bad CEO direction not because of the digital camera.

                                        • Krupier X
                                          Krupier X  5 days back

                                          Poor Xerox... :(

                                          • Astrid Kierkegaard
                                            Astrid Kierkegaard  5 days back

                                            Even if they bought these companies, if managed by the wrong people, they'll still fail

                                            • Alphabet Soup
                                              Alphabet Soup  5 days back

                                              Apple steals GUI from Xerox. Microsoft steals GUI from Apple. Apple gets pissed.

                                              • Anders Togerö
                                                Anders Togerö  4 days back

                                                Xerox steals mouse and color graphics from Håkan Lans. https://en.wikipedia.org/wiki/H%C3%A5kan_Lans

                                            • freemindthinker ezrapound

                                              Xerox had the Terminator chip and they did not know it

                                              • Nikia
                                                Nikia  5 days back

                                                7:52 that doesn't make sense (In the present day)
                                                Nokia 6.1 is an android
                                                And the Nokia 7 plus and the 7.1 are very popular and they run android
                                                The Nokia 9 pureview costs half the price of the iPhone and is more worth it
                                                Nokia 9 specs
                                                CPU: Qualcomm Snapdragon 845
                                                Camera: 5x 12Mpix cameras (yes the cameras are that good)
                                                Front Camera: 20Mpix
                                                Display: Gorilla glass 5
                                                2K UHD OLED
                                                5.99 inch
                                                Battery: 3320 mAh (non removable
                                                RAM: 6GB
                                                Storage: 128GB flash
                                                Charging: USB C and Qi wireless
                                                OS: ANDROID ONE (Android with no bloatware) Also 9.0 pie
                                                Water resistance: IP67
                                                Link in the US
                                                https://www.bestbuy.com/site/nokia-9-pureview-with-128gb-memory-cell-phone-unlocked-midnight-blue/6325704.p?skuId=6325704
                                                Make sure you read the first review
                                                Link in the UK (Because I'm from the uk)
                                                https://www.argos.co.uk/product/8471583

                                                • wales-alia
                                                  wales-alia  6 days back

                                                  I don't remember videos ever costing 97 dollars. What tapes were these guys buying?!!!?

                                                  • david diehl
                                                    david diehl  6 days back

                                                    Coke had a chance to buy Pepsi but turned it down, said they would be out of business in a couple of years.

                                                    • Koal Kottentail
                                                      Koal Kottentail  6 days back

                                                      Xerox royally "effed" up the worst. That is just brutal lol. They could have been the Apple of the present(future). That computer from 73 is amazing for it's time. I would love to know who were the engineers and developers who created it.

                                                      On another note. Nokia is trying to make a comeback, and took on the Android OS :D. I am currently using a Nokia 7.1 and it is wonderful.

                                                      • lee singleton
                                                        lee singleton  1 weeks back

                                                        is netflix not in 8billion in debt

                                                        • Bruce Robb
                                                          Bruce Robb  1 weeks back

                                                          It's ex-CITE, not EX-cite.

                                                          • Saini Naqiolevu
                                                            Saini Naqiolevu  1 weeks back

                                                            Xerox literally lived in the future

                                                            • Edward Leung
                                                              Edward Leung  1 weeks back

                                                              Nokia should have been able to avoid its doom

                                                              • Nikia
                                                                Nikia  5 days back

                                                                Misleading comment
                                                                https://www.bestbuy.com/site/nokia-9-pureview-with-128gb-memory-cell-phone-unlocked-midnight-blue/6325704.p?skuId=6325704

                                                            • Michele Sims
                                                              Michele Sims  1 weeks back

                                                              Re: Blockbuster, it's even worse, and all due to extreme arrogance. In 2000 they hired an army of Dallas programmers to try to build a Netflix type video streaming service (my gf was a recruiter helping to herd them in), and threw a ton of money at it, but in the end the whole project was too poorly run by the VP in charge, and the COO he reported to, and they just couldn't figure it out.
                                                              Netflix soon came online and these executives responded to the new competition by raising prices, not lowering them. Hubris has taken down so many powerful people, and the companies (or armies, countries, etc.) they run, and it always will. Success does that to most people (not all), which is why Founders rarely stay in the seat after the company gets big; they can't deal with changes in their environments because they are too invested in the old ways, and too arrogant to admit it.
                                                              Blockbuster was greedy (their prices were ridiculous), small minded, short sighted and incompetent at most every level, and absolutely deserved to die. Next will be...we'll see.

                                                              • CostelliGraphics
                                                                CostelliGraphics  1 weeks back

                                                                *Apple took idea from Nokia also* is a Finnish company developing a new smartphone called the MyDevice. Despite this branding disaster, the device looks like it will be pretty interesting. The feature set is standard for a smartphone -calling, messaging, personal info mgt, camera, etc. It’s the UI that makes it unique -including 4 new ways of browsing information on the phone: motion control, mirroring, the “Touch and Feel” screen, and “My Book.” full details via Mobile Burn *read more:* https://www.google.fi/amp/s/coolhunting.com/tech/myorigo-mydevic/amp/

                                                                • Abal Amour
                                                                  Abal Amour  1 weeks back

                                                                  Nice video !! but What is the name of the song at the end ???!! 🙏🏻🙏🏻

                                                                  • Candy Wolff
                                                                    Candy Wolff  1 weeks back

                                                                    11:20 Is that Luba Goy?

                                                                    • lostfound34
                                                                      lostfound34  1 weeks back

                                                                      Why would you hire a CEO of 7/11 to run blockbuster?

                                                                      • lostfound34
                                                                        lostfound34  7 days back

                                                                        @Michele Sims Good point, it didn't work out for them in the end.

                                                                      • Michele Sims
                                                                        Michele Sims  1 weeks back

                                                                        Why would you hire the CEO of Pepsi to run Apple? Because people - once successful - start thinking they can do no wrong; that they must be geniuses and they know best; so they hire others just like them.

                                                                    • Carlos  Rivera
                                                                      Carlos Rivera  1 weeks back

                                                                      I miss the smell of popcorn and the huge size candies. Goodbye blockbuster

                                                                      • leosedf
                                                                        leosedf  1 weeks back

                                                                        Actually Nokia's CEO got 25 million from microsoft to damage the company so that microsoft can buy nokia for cheap.

                                                                        • L R
                                                                          L R  1 weeks back

                                                                          Hey reichwingers! Still "think" your icons should rule the world?

                                                                          • Vladimír Petija
                                                                            Vladimír Petija  1 weeks back

                                                                            Oh man. That Xerox story is.. Wow

                                                                            • Kent Bardillon
                                                                              Kent Bardillon  1 weeks back

                                                                              8 years in IT, 4 years in university, and only now did I get to know the reason why the Enter key is called Return.

                                                                              • Alf Git
                                                                                Alf Git  1 weeks back

                                                                                Return is short for carriage return and is a term that comes from typewriters. With a mechanical typewriter, the typist would push the carriage to the right at the end of every line, so it was ready to start the next line at the left margin. With computers, there is no carriage to physically push, so the return key does it 'virtually'. It moves the cursor down one line and to the far left.

                                                                            • Tech Noid
                                                                              Tech Noid  1 weeks back

                                                                              This is really cool to see. You might add a few more disasters such as Blackberry- Their arrogance cost them the #1 spot. Or Verizon. They were originally offered the iphone with stipulations about how to display and how much to buy and sell the iPhone for. Arrogance again.. ATT took the iPhone and it cost verizon almost 7 years before they could sell it. If you want to dig a little deeper look at Compaq. They had a device called the iPaq that was an incredible device and had Carly Fiorina not come along, The iPaq might have been the first smart phone.

                                                                              • D-Base Rox
                                                                                D-Base Rox  1 weeks back

                                                                                Man says 50 times Knock.ia NO u silly brit - it ( No.kia ) Dork

                                                                                • Bill Reinersmann
                                                                                  Bill Reinersmann  2 weeks back

                                                                                  What most people don't understand about Kodak is that Kodak had just had a failure with the Disk camera which had terrible resolution pictures. Digital cameras at the time were even worse than the Disk pictures. They were also in a battle with Fuji Photo on film sales. Kodak thought it was in the photo business, but in reality, they were in the paper, films and chemical business. That is where they made their money. Cameras to them were a way to sell more paper, films and chemicals. Disruptive innovation is a quite common event for very large organizations, especially publicly traded companies.

                                                                                  • Iam Theone
                                                                                    Iam Theone  2 weeks back

                                                                                    "Typing lines of text is now a thing of the past" said no programer ever

                                                                                    • Henry Ng
                                                                                      Henry Ng  2 weeks back

                                                                                      6:30 Stephen Elop https://youtu.be/VekycJYSYZA