Remove 2004 Remove Operations Remove Retail Remove social media
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When QSRs Think Really Outside The Box In The Innovation Race

PYMNTS

The drive-thru window, for example, first met the market in 1947 when it was introduced to the world by Sheldon “Red” Chaney, operator of Red’s Giant Hamburg in Springfield, Missouri. The concept was invented by a Guatemalan McDonald’s franchise operator, Yolanda Fernández de Cofiño, in the mid-70s.

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Why The Sweet Smell Of Tech Success Can Be Rife With Failure

PYMNTS

It was bulky, the screen interactivity was buggy and – most critics noted – the Windows XP operating system worked wonderfully for desktop computers, but was a bad fit on a tablet, and mostly served to make it slow. .” That is not quite how the story turned out. After a splashy launch, the feedback on the early tablet wasn’t stellar.

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The Power – And Perils – Of Building Ecosystems Within Ecosystems

PYMNTS

billion people every day on its platform, back in the dorm room days of 2004, it was “a technologically assisted way to find good-looking girls at Harvard and ask them out.”. That, Aberman said, can work well in an explicitly retail context. Facebook makes plenty of money charging all the people in its square for access, Aberman noted.

Payments 101
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

That skyrocketing popularity is likely what made Rupert Murdoch’s News Corp think it was worth spending $580M to acquire the social network. And in the short-term, that would have looked like a good deal, as the social media site hit its peak in 2007 at a value of about $12B. Sears and Kmart. Date: March 24, 2005. Price: $11B.

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From Instagram To Slack: 9 Successful Startup Pivots

CB Insights

Today, Instagram is one of the more popular social media platforms. But before it became a social media heavyweight, Instagram was a simple prototype co-founder Kevin Systrom built while learning how to program. Below we look at some of the biggest startup pivots in tech history, and why they succeeded.

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11 Lessons From Startup Chapter 11s

CB Insights

The company announced it was effectively ceasing operations immediately and filing for Chapter 11 bankruptcy, putting more than 1,100 people out of work overnight. In January 2019, Munchery abruptly ceased all operations, as it informed customers via email. By September 2011, Solyndra’s business model had fallen apart.

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The Curious Case For Breaking Up Tech Giants

PYMNTS

His premise knits together a series of storylines that regular readers of PYMNTS are quite familiar with: That the Amazon Effect on retail , despite the company’s 4 percent share of it, is real and that it uses its diversified sources of revenue, like Amazon Web Services, to subsidize its retail business at the expense of traditional retail.

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