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Why Toys Are Making A 2020 Comeback

PYMNTS

Lego sales jumped 14 percent in the first half of 2020 compared to the same period last year, while the company’s operating profit increased 11 percent to $622 million. Nintendo’s operating profit surged 428 percent in its most recent quarter, built on surging sales of the Switch and Switch Lite consoles and the “Animal Crossing” game.

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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

Zynga, creator of Facebook games Farmville, Mafia Wars, and about a dozen different types of online slot machine games, paid $210M in 2012 for OMGPOP, creators of DrawSomething!, That skyrocketing popularity is likely what made Rupert Murdoch’s News Corp think it was worth spending $580M to acquire the social network. Zynga and OMGPOP.

Google 76
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Data Dive, Farewells Edition: Apple, Chase, SoFi, Uber

PYMNTS

Reports emerged this week that Apple has begun the process of scrubbing the social sphere of all trace of iTunes. So far, all of the social media content from Facebook and Instagram pages has disappeared, though its Twitter account still has content for the time being. SoFi and Uber Reshuffle Their Upper Levels.

Apple 122
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Autopsy Report: 9 Startup Failure Stories And What We Can Learn From Them

CB Insights

After soaring to a multi-billion-dollar valuation behind an iconic founder, a team of prominent backers, and a promise to revolutionize blood testing, Theranos officially ceased operations in 2018. Theranos was founded in 2003 by Elizabeth Holmes, then an undergraduate student at Stanford University’s School of Engineering.

Report 78
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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Expertise: An experienced operator’s perspective on a problem and the different ways that it can be solved. There’s a complexity to getting these tools operational that compounds at scale. Bain, which has helped hundreds of similar businesses undergo their “digital transformation,” has that deep operator expertise.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

In the wake of the outbreak, everything from doctors appointments to schooling to workouts went online. Education: Technology and online content make the classroom optional. Online courses & content. Retail: Shopping goes even more online as grocery joins the e-commerce revolution. Online grocery. 3D printing.

Industry 101
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When Corporate Innovation Goes Bad — The 116 Biggest Product Failures Of All Time

CB Insights

While still in operation, Google+ is hardly anybody’s favorite social network. ViewSonic Airpanel Smart Display V110, Microsoft (2003). Enter the Nook, their attempt at staying relevant and maybe even reclaiming some of their lost market share from the online retailer. P’zone, Pizza Hut (2003).