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Worst Company Disasters! | Top 6 Blunders

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Subscribe here: https://goo.gl/9FS8uF Check out the previous episode: https://www.youtube.com/watch?v=oxotOEZCh8g Become a Patreon!: https://www.patreon.com/ColdFusion_TV Hi, welcome to ColdFusion (formerly known as ColdfusTion). Experience the cutting edge of the world around us in a fun relaxed atmosphere. Sources: Excite http://www.todayifoundout.com/index.php/2013/03/excite-had-a-chance-to-buy-google-for-750k-but-turned-it-down/ Kodak http://mashable.com/2012/01/20/kodak-digital-missteps/#bTwoOZCuzZqV https://www.google.com/patents/US4131919 Nasa http://edition.cnn.com/TECH/space/9909/30/mars.metric.02/ Blockbuster http://www.cnet.com/news/blockbuster-laughed-at-netflix-partnership-offer/ Nokia https://www.linkedin.com/pulse/nokia-ceo-ended-his-speech-saying-we-didnt-do-anything-ziyad-jawabra http://www.theinquirer.net/inquirer/news/2465691/nokia-to-make-smartphone-comeback-with-duo-of-android-70-nougat-handsets Xerox http://www.businessinsider.com.au/xerox-was-actually-first-to-invent-the-pc-they-just-forgot-to-do-anything-with-it-2012-2 http://history-computer.com/ModernComputer/Personal/Alto.html //Soundtrack// JMSN - The One (Stwo Remix) Baths - Somerset Gavin G - Refresh French Horn Rebellion - Won You Over (Jamie de Von Remix) Seba - Painted Skies (Oscillist Remix) Front 242 - Happiness [Underworld Dub Mix] 1995 Chasing Dreams - I See You From The Clouds (feat. moshimoss) Chase Dobson - Sombriata Autograf - Future Soup (Ferdinand Weber Remix) Jakatta - American Dream [Afterlife Mix] (Beatless Version) Underworld - Jumbo 1999 Uppermost - My Beloved Soul Grifta - Extinct Haven - Remember » Google + | http://www.google.com/+coldfustion » Facebook | https://www.facebook.com/ColdFusionTV » My music | t.guarva.com.au/BurnWater http://burnwater.bandcamp.com or » http://www.soundcloud.com/burnwater » https://www.patreon.com/ColdFusion_TV » Collection of music used in videos: https://www.youtube.com/watch?v=YOrJJKW31OA Producer: Dagogo Altraide Editing website: www.cfnstudios.com Coldfusion Android Launcher: https://play.google.com/store/apps/details?id=nqr.coldfustion.com&hl=en » Twitter | @ColdFusion_TV
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Text Comments (5655)
terence w (15 hours ago)
and i was still using ms-dos to run programs on my 386 in the 90s... man the 70s is so advanced in technology.
UK Bhangra Remix & Mixes (2 days ago)
Awesome vid
Ron Morey (4 days ago)
Niantic should be on this list for turning a multi trillion dollar phenomena into a multi million dollar joke. Takes a special sort of fail to take 6 zeros off your profit margins.
Faiz S (5 days ago)
Now no more it is sad thing..... I will mention this....
Luis Mediavilla (5 days ago)
If you think the solution is always Android...
Holly Findlay (5 days ago)
what is this guy's accent? it seems mixed. Australian and...? Sorry for the question but it's driving me nuts!
CannedCherry (5 days ago)
12:15 Pirates of Silicon Valley, best Steve Jobs movie there is, it captures spirit of the movement and all of the nuance of the time it was set in.
Wade Stewart (6 days ago)
Awesome one
lingoting (7 days ago)
soon Apple will be in the video
David (7 days ago)
When I heard that computers would replace home stereos, I was like bull shit. Shows what I knew.
John Price (8 days ago)
Oh please Netflix is running at a loss to the benefit to all subscribers. The profit return has not occurred to date.
David Johnson (9 days ago)
If Excite did buy Google back then, that doesn't mean that it would have become what Google of today has become. I doubt it would have. I suspect Excite's execs would have drove it into the ground just as they did to Excite.
Stephen Sansom (9 days ago)
Five Billion over an OS
Whydafuqwas myacountsuspended (9 days ago)
Blockbuster not only didn't acquire Netflix when they got the chance, but the new CEO eliminated online sales an rental? That is an Epic Fail.
Kenny Strong (10 days ago)
It's pronounced "No-kee-uh"
Oksha (11 days ago)
Never heard of Xerox tho but hope my android respect it and don't auto correct it
INTJ Island (10 days ago)
You never heard of Xerox? Wow! That was a standard term for a paper copy from a copying machine. "I will make a Xerox of it," or "Xerox it, for me will you?" were things you used to hear all the time in the mainstream. It is a brand name that was used as a descriptive verb for the function of making a copy.
Paula Zemeckis (13 days ago)
wow, I forgot how DOS was dumped and the GUI came about. Thank u ! Brings back those forgotten memories! P.S. I was scared Shirtless going from DOS to Windows! 3.1...huh? Then Windows 95...oh. ok.
dergel55 (13 days ago)
We still have a Blockbuster operating in our local shopping centre (Fairview Park SA)
Michael Towler (13 days ago)
No wonder (jOBS)Apple is paranoid about someone stealing their technology, they got it from someone else virtually free and didn't invent it at all.
stirange (14 days ago)
I heard Blockbuster went under due to the mismanagement of the Jersey store by AJ Soprano. Even though he was fired in 2006, the damage was already done.
Austin Wood (15 days ago)
The lesson here today? Hire CEOs with alot of brains, alot of awareness, and alot of humility.
wlan2 (16 days ago)
Normal Lovett at 3:12
Tent Ringer (8 days ago)
That's Norman, his twin brother Normal works at the petrol station around the corner.
Karthikeyan Jayachandran (17 days ago)
Xerox was satisfied with its dominating photocopiers' sales and undervalued the PC. Lesson: Don't sit in your comfort zone. Take risks and try something new.
Liza Solleza (18 days ago)
Failed Co. That did not Move with the times or see the Future. But if Excite Did buy Google, Would Excite have made Google a Success story. Just to have a Super Ace product is just not enough, if you don't see the full potential of the Product and what it can do in the long run / future. Would excite have invented Android? And would Larry & Surge invent, if they sold Google? Anyone with suggestions and Ideas? Would they have re-branded there work to Alphabet??
Ravanan Azhagiyasinger (18 days ago)
Apple in que
Horrigan (19 days ago)
4:55 HOT YOUNG STUD FUCKS ENTIRE COMPANY
William Merchantz (19 days ago)
The Blockbuster commercial near the end has an address for a store in Oak Lawn, IL. I grew up there and vividly remember passing that location. It was kitty-corner from Chicago Ridge mall....ahhh the memories!
spambot71 (21 days ago)
"typing lines of text is now in the past"
Dave Young (21 days ago)
Phillips2000 was far superior to Betamax & VHS, just wasn't available in many markets. It was fairly unique in that the tape was double-sided, you just flipped it over and hey presto more recording time! I'd like to know who made the monstrosity we had in school back in the late 70's, it was fuzzy as hell and the tracking wasn't worth a poop. LaserDisc rocked too, just rather expensive. Ahh, the good old days lol
Intel LTR45 (21 days ago)
Have you ever been in an office? Microsoft is still in power
Intel LTR45 (21 days ago)
Finland is finished for technology
ewd76 (21 days ago)
If blockbuster had bought Netflix neither would exist now.
Direct Webstores (21 days ago)
I have MORE than 2000 movies on a couple of external hard drives ... basically a Block Buster store in my pocket.
Karl Bassett (22 days ago)
I'd add Sears to this list. A hundred years ago the Sears catalog was huge business. Millions of Americans, especially those out of the cities and far away from stores and malls, shopped from the catalog. Sears had the whole warehousing, order processing, distribution and catalog infrastructure, and they had it almost a century before the internet. So what did they do just as the internet was taking off? They closed down their entire catalog operation. They were essentially Amazon. Putting their catalog online would have been easy, and they could have been bigger than Amazon, and certainly given Jeff Bezos some serious competition. But they closed down their entire distribution system in 1993. Amazon was started in 1994....
Hucking Fell (22 days ago)
When you update this video you'll have to put Gillette on the list.
My name is of no consequence. (22 days ago)
"netflix used to mail dvds" they still do.
Jerrod Tham (23 days ago)
Main lesson. All wisdoms come from God. Never ever brag about it if you first found it. First thank God. Second develop it as big as possible. Third, never forget rule number 1.
The Southern Gentleman (23 days ago)
I remember back in 95 when I was a Construction Super and the company I worked for built the Blockbuster video building. I was building 5 or 6 in a years and then I had a dispute with a sub who ran to the owner who was his friend and I was let go. But funny thing happened with in a month of me leaving the company Blockbuster reduced their building contract with the company to ZERO. they heard I was gone from the company and they liked the construction I was doing and saving them some money on the construction cost was a reason I heard. But that's life...
mhc 121 (24 days ago)
What about myspace? Weren't they the original facebook?
Topgun God (24 days ago)
Gillette. Who?
Goktimus Prime (25 days ago)
*maths There's no such word as "math" in Australian English (or in any variety of English ex. USA)
IdeaBoxful (26 days ago)
Any body who has worked in traditional corporate environments can understand why these companies fail when a technological inflection takes place. Steve itself mentioned this in an interview.. The early precursor of these companies are innovative and filled with people passionately believing in the innovation they are bringing, They work hard and take risks to make a leap of faith. Lo and behold they introduce something brilliant and grows tremendously. The golden ideas they build their success on becomes the mainstream and the companies slowly push the innovation driven risk takers out of the board room into back offices and research jobs. The marketing and the sales types get promoted as they are considered to be the ones bringing in the customers and the money. The marketing guys at best understands what goes inside of their products in a trivial fashion or they understand only sales numbers and customer feedback. They simply cant connect the dots well. They don't understand that the DNA of a great product is forward thinking before the market and having vision and commitment to make that into a reality. A path breaking product cannot be build just on customer feedback alone because most customers know only the current possibility. The marketing leaders in the board room also don't get it. The Xerox case or the Kodak case exactly demonstrates it. The R&D types who are never in the board rooms are rarely is listened to. Steve's brilliance is understanding how a customer would understand the value of a technology. One of his critical abilities was to translate and package technology in the way a consumer will want to experience it. In short Product vision. To be a product leader you should be both a technocrat as well as a first class business executive. Even Steve didn't really succeed with the Mac. It was not a run away financial success as Steve expected. Apple made more money from Lisa than the Mac. He was pushed out of the company by Scully over differences on strategy. He then went on to make Next computer, a high end computer for education sector. Steve went back to perfecting technology, understand emerging technologies and learning the ropes of market innovation in Next. One thing he always did was to surrounding him with the best engineering and design people. He was willing to pay premium for that. Most people don't how advanced Next OS was in 1992-93. It had all features like seamless mail integration and clickable context based content processing with rich media, seamless content type detection and data sharing between applications. etc. The OS was entirely written using OOP(Object oriented programming) paradigm(Except for the core kernel I believe). Apple was slowly losing market share through the early 90's since Scully based it on the DTP use-cases that Steve had identified for it and then they stopped innovating. Some of the disgruntled team in Apple left and created BeOS and the BeBox. I had worked with this OS too. Very advanced for its time. Steve was reinventing himself and his strategic vision. Luckily for him, Apple was in dire straits by 95-96. They had terrible failure in bringing a true Mult-tasking operating system with advancements in memory management. Meanwhile Next and BeOS were by the time doing true pre-emptive multitasking which optimizes the way application uses memory and cpu resources. Meaning faster and responsive system on relatively cheaper hardware that allowed users to quickly switch between Back ground and foreground tasks. Apple bought NExt for the technology and Steve insisted on his old position in the company. He ruthlessly threw people who opposed him out of the firm. He was battle hardened and experienced by now. Steve created his own team of brilliant engineers. The first product that came out was the iMAC, those beautiful well engineered machines with translucent cases with monitors and the computer in one enclosure. That was Steves move to get his customers excited in Apple again, with a computer of great aesthetic and user experience value. Apple was back in the innovation business. The engineering core of the NExt OS became the MacOS X. The rest is history.
Maestro Jack Slappy (26 days ago)
Burp.
Vivienne the Vicious (26 days ago)
Man, I miss Blockbuster.
Thingsyourollup (27 days ago)
Dude, as a kid who grew up in the 90's, i can promise you that a single movie on VHS did NOT cost $97. Where did you come up with that number?
Matescium (27 days ago)
Steve Job was the second Einstein in this world.
EvilLau9h (28 days ago)
I would definitely add Sears the giant retail Corp to the list, that could have become the Amazon of today
Keith Revell (29 days ago)
You should have had Commodore Computers in there too. They were the first to have the CD ROM based computer running on the Amiga A500 platform, which was far too slow for the CD could handle.
Gerald O'Hare (29 days ago)
Sorry but the imperial vs metric story is pure bullshit. NASA has always used metric as does all US militaries to this day.
Jason Eltze (29 days ago)
I think Blockbuster messed up the most. Nokia didn't mess up at all. My phone is a Android 8.0 Oreo go edition Nokia 8. My son loved, and still loves my old Windows 10 Nokia 925 phone, so yeah. End of discussion.
Amogh Vastrad (30 days ago)
Nokia😭
Matt Sugui (1 month ago)
Excite -> Google? Nope, now it's Ask -> Excite
Matt Sugui (1 month ago)
Also I have trouble imagining the Excite logo in Product Sans and the four colors and Microsoft buying Excite in a half-century
Billdude21 (1 month ago)
90$ for a vhs, huh?
baseballreg123 (1 month ago)
The Xerox man forgot his anniversary then gave away their technology to apple. Karma is a bitch
Rorick Jager (1 month ago)
Damn I still miss blockbuster, though that could be 90's nostalgia. It's just sad that so few young people today have no idea what it was like to live outside of the internet. Even for me it's hard to go a single day without being online. Sometimes I miss actually talking to people face to face and going out to do things. Within a few more years we wont even have movie theaters. It's sad to see the world become so impersonal.
Make Markkanen (1 month ago)
I stole a sandwich from nokia headquarter 1910's
RoCk-N-PaRtY (1 month ago)
Why am I watching this in 2019?
Viper Srbija (1 month ago)
ahahaha stupid americans
Ratel.H Badger (1 month ago)
This was an interesting and very compelling video. Thanks for making it. As someone who was in University between 2007 & 2010 I saw directly the rise of streaming services and fall of Nokia & Blockbuster. We had a "video" store just up the block from campus and I think it closed in 2011. It was interesting to see students go from using chunky laptop bags in '07 to slim ipad cases by 2010. Funny how university can be a direct reflection of the world at large. If it's a trend on campus, it's likely to be one in the wider public soon enough.
Debraj Deb (1 month ago)
Also check for CRDI technology from FIAT, which is owned by BOSCH now.
Terry C. (1 month ago)
Interesting video.
Robotic 6857 (1 month ago)
Ohh so thats why nokia had that microsoft touch about xbox and internet explorer
OneMiddle Finger (1 month ago)
Blockbuster sent me a collections letter for a late fee of $1.00, I laughed my ass off and cancelled my membership. I'm the cause of the Blockbuster failure...Mission accomplished!!! Fk yeah!
iraliX (1 month ago)
1:41 Q?
XWolven (1 month ago)
The first computer you could even fit in your home was by Xerox. My dad had one. Disks the size of Record Sleeves. I played Adventure on it.
Ben white (1 month ago)
Why was he talking to the xerox machine as if it would respond?
iherb mop737 (1 month ago)
Putlocker LOL. I use 123movie but it has many fake clone websites
Darrin Nunyah (1 month ago)
I went to a friend's house in 1976 (or '77) when I was 10 or 11 years old and his dad, a Xerox executive, had brought an ALTO home. I thought that was the. coolest thing ever. I was a poor kid, so we had no hope of getting one, but I spent a lot of nights over at his house, just playing around with that thing. Finally bought my first PC in 1980 with money I saved mowing lawns, for about 1/20th of the price of an ALTO.
Hugh Mongus (1 month ago)
Fuck google, Fuck Apple. Nokia was better.
Eric Wadge (1 month ago)
Next up? Ford? GM?
Joe Casson (1 month ago)
most of this video is filled with a truckload of horse manure
Joe Casson (1 month ago)
webcrawler.com was #1 at that time
Kai Thongsavanh (1 month ago)
My first computer was an Interact Model One. My dad brought one home in 1979 or 1980 something like that and I remember seeing one cassette (loading programs by tape cassette) that said Microsoft on it. Surprised that the IBM Microsoft event wasn’t brought up here in the video.
Gr8CanadianMom (1 month ago)
I can't believe that we had to type in green text throughout the 80's just because Xerox didn't know what they were sitting on!!
CG Account (1 month ago)
Let's not forget that Apple almost went under if not for MS intervention to save them. Apple has always been very restrictive and expensive but they do seem to attract loyal iSheep
CG Account (1 month ago)
BlackBerry, Nortel, Wang, Digital Equipment, Lotus, Wordperfect, HP, FTP Software, Yahoo, etc. BUT every one of their executives likely made a fortune!
azharhassan_ (1 month ago)
common mistake : refuse to evolve.
G Hollis (1 month ago)
ask jeeves, excite... epic fail
Susazeu (1 month ago)
And now Netflix is going belly up...
Bill S. Preston, Esq. (1 month ago)
It's always the highest paid people that make the most expensive mistakes
goofyfoot2001 (1 month ago)
Daredevil..haha wtf. No Key Ah not knock ee ah
Subzero Arctics (1 month ago)
I'm not so sure Xerox would own the computer industry if they didn't give the GUI to Apple. They weren't a computer company, and I'm willing to bet the copycats (like Microsoft) would've destroyed them. Xerox stayed focused and that's why they've prevailed.
Todd Kurzbard (1 month ago)
I'll tell you what killed Blockbuster: I was a member for a while. Then, we got a change in Blockbuster's pricing. We were told, that if we wanted to continue with our memberships as it was (the amount of disks we could rent at a time, plus the in-store disks), we would be raised a fee of $7. PER MONTH. But, if we wanted to continue at the same rate, the number of monthly rentals would be significantly reduced, and we wouldn't get the in-store DVD's anymore. My response to a $7 A MONTH rate increase was to tell Blockbuster, "Go f*ck yourself" and to cancel my membership permanently and immediately. I was told by one of the staff on my final visit to cancel my membership, that a LOT of customers were also cancelling their memberships. Soon, that Blockbuster outlet was out of business (I went in once or twice later on to pick up a few Blu-Rays and DVD's they were clearing out for next to nothing. I was getting Blu-rays for like $1 or so). So what killed Blockbuster was unmitigated greed. I might have CONSIDERED a $1. raise, but $7 A MONTH was outrageous, and I was REALLY pissed the way I was just dismissed with a "too bad if you don't like it" attitude from them. And apparently their other customers were pissed as well. Just like me. So where did I go to replace my DVD needs? Netflix. And I have been a LOT more satisfied (Netflix had a lot more selection then Blockbuster EVER had). The moral? Don't cheap and screw your customers into running away from you and creating your own nonexistence.
Savage_Gaming (1 month ago)
Ok if that camera ran off of a Cassette tape wouldn't it be analog and not digital?
Soulvigilante (1 month ago)
Thumbs down for not knowing how to pronounce Nokia.
ROGER2095 (1 month ago)
Coca-Cola twice passed on buying Pepsi for less than pennies on the dollar when Pepsi was facing bankruptcy. My guess is, they figured that Pepsi was going to fail anyway, so why spend the money?
mytuberforyou (1 month ago)
OR- they figured out there was no point in buying Pepsi since they could sell bottled WATER for the same price! (Dasani)
robizzlor (1 month ago)
Using imperial units? Holy shit what a bunch of retarded americans :D
PHILIP WATSON 5 (1 month ago)
NETFLIX SUCKS BRING BACK BLOCKBUSTER 💯👌🏼📺
ddland45 (1 month ago)
Let's not forget one of the biggest business blunders of all time. https://www.youtube.com/watch?v=GH7R2PEvzXo
Ellie (1 month ago)
Can we all agree that we use metric and ditch imperial measurement
James Jones (1 month ago)
As a Xerox salesman from 1971 to 1976, this film really hurts!
*Wyatt B* , (1 month ago)
Really? Well anyway, 10:15 I think that the design of that launch screen UI modern even today. The screen that says “Good Morning, Bill.”
Michael Clayton (1 month ago)
To see the rise of Steve Jobs and Bill Gates watch the movie Called The Pirates of Silicon Valley where you'll learn how they both stole everything.
17 subscribers without video (1 month ago)
apple is the next company will be listed in here
William Scarbrough (1 month ago)
ASK.com and ASK JEEVES were two of the biggest computer vectors for spreading viruses. I never worked on a single computer that had this on there that wasn't infected. Meanwhile other search engines were at best hit and miss.
Allen Lau (1 month ago)
I was working at Xerox from 1999 to 2003. So much talents in that company so much wasted with poor management decisions.
Scorpio Vlogs (1 month ago)
1:40 If they're losing money, *the triangle would be red boi*
Who Cares? (1 month ago)
That Xerox machine was waaaaay ahead!
Alex Cawthorne (1 month ago)
Steve Jobs the biggest thief in history that never invented everything. He stole all he knew from Xerox and HP.
Dave Harrington (1 month ago)
Ever hear about the Osborne Computer?
Sagan Android (1 month ago)
Commodore had gold and couldn't give it away. The Amiga computer was 20 years ahead of the game, and still fumbled.