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Search resuls for: "Ben Gilbert"


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☆ 33 of the biggest failed products from the world's biggest companies
  + stars: | 2023-08-04 | by ( Ben Gilbert | Lakshmi Varanasi | ) www.businessinsider.com   time to read: +1 min
Even the most successful companies in the world have the occasional flop. We put together 33 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops.
Persons: Jeff Bezos, Joan Schneider, Julie Hall, —, Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft
☆ 32 of the biggest failed products from the world's biggest companies
  + stars: | 2023-06-23 | by ( Ben Gilbert | Lakshmi Varanasi | ) www.businessinsider.com   time to read: +1 min
We put together 32 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops. Here's a look at 32 of those flops, and what we can learn from them.
Persons: Jeff Bezos, Joan Schneider, Julie Hall, —, Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft
☆ Wearing Apple's Vision Pro for 30 minutes put a big red mark on the forehead of WSJ's gadget reviewer
  + stars: | 2023-06-07 | by ( Nicholas Carlson | ) www.businessinsider.com   time to read: +4 min
Wall Street Journal gadget reviewer Joanna Stern got to try out Apple's new Vision Pro. Stern's video then zooms in, the contrast and lighting shifts, and you see this…WSJ tech reviewer's forehead looks red after she wore an Apple Vision Pro WSJ/Joanna Stern/YouTubeYikes! Apple told Stern any discomfort she encountered after wearing Vision Pro goggles may have been because it only had limited-sized "light seals" at the demonstration space. Apple's Vision Pro is constructed of aluminum alloy and a snazzy single piece of exterior glass, which is why it looks so much nicer than the competition. Apple's new Vision Pro headset was announced on Monday at the company's WWDC conference.
Persons: Joanna Stern, Stern, Apple, Ben Gilbert, Apple It's Organizations: Wall, Apple Vision, Apple
☆ Apple CEO Tim Cook keeps his email address public, and says he starts each day at 5 a.m. reading customers' feedback
  + stars: | 2023-04-06 | by ( Pete Syme | ) www.businessinsider.com   time to read: +3 min
Tim Cook told GQ that he starts every day by reading emails from customers at 5 a.m. According to GQ's profile of Cook, he often forwards these emails to other Apple employees. Cook is one of the few CEOs of big tech companies to have his email address open to the public. By keeping his email open, Cook is likely showing that the company is motivated by customer feedback. Insider previously reported that Microsoft co-founder Bill Gates starts his day with an hour on the treadmill while his wife says he doesn't eat breakfast.
☆ The incredible life of Kobe Bryant, the 41-year-old basketball legend who died in a helicopter crash three years ago
  + stars: | 2023-01-26 | by ( Ben Gilbert | ) www.businessinsider.com   time to read: +1 min
NBA legend Kobe Bryant died in a helicopter crash three years ago, on January 26, 2020, in Calabasas, California. Bryant and his daughter are survived by his wife, Vanessa, and three children: Bianka, Natalia, and Capri. Kobe Bryant was known for his impressive work ethic and devotion to basketball, but he also found time to enjoy life and pursue ventures off of the court in his retirement. Bryant was among nine people killed, including his 13-year-old daughter Gianna Bryant, when the helicopter collided with a mountainside. Here's a look back at the incredible life of Kobe Bryant.
☆ New York cannabis farms have nowhere to sell a combined 300,000 pounds of weed, valued at $750 million, as delays continue for dispensaries in the state
  + stars: | 2022-11-19 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
New York cannabis farms are unsure of what to do with a combined 300,000 pounds of weed — valued at $750 million — without open dispensaries to sell the pot. Applicants for legal cannabis retail stores are still waiting to hear back from the state's Cannabis Control Board. An estimated 300,000 pounds of weed are becoming a growing concern for farmers who planted the crop in spring 2021 in hopes of cashing in on the drug's legalization in New York state. The lot is valued at about $750 million based on the average wholesale value of $2,500 per pound, according to Bloomberg. In May, Tremaine Wright, chair of the Cannabis Control Board, said the legal retail licensing process would begin over the summer and sales would begin in late 2022.
☆ A wave of layoffs is sweeping the US. Here are the major companies that have announced cuts so far, from Gap to Peloton.
  + stars: | 2022-09-20 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +1 min
Netflix: About 150 peopleNetflix Co-CEO Reed Hastings. Getty Images LatamNetflix laid off around 150 people in mid-May, its second round of layoffs in 2022. The latest layoffs, which impacted "mostly US-based" staff, were due to "slowing revenue growth," according to a statement from a Netflix spokesperson. And executives warned at the time that further subscriber losses were predicted for the future. They blamed "revenue growth headwinds" in a report to shareholders and said that heavy Netflix use during the height of the COVID-19 pandemic had "obscured the picture until recently."
☆ The story of Cookies: How a former Wendy's employee turned a popular weed strain with a controversial name into a $1 billion empire
  + stars: | 2022-06-08 | by ( Ben Gilbert | ) www.businessinsider.com   time to read: +9 min
America's first $1 billion weed brand is here, and it's named Cookies. It's a company that he says is now worth at least $1 billion — the world's first legal $1 billion weed brand. From a logo on a hoodie to a billion-dollar companyThe inside of the Santa Ana, California, Cookies marijuana dispensary. He described this time period, between 2010 and 2018, when the first Cookies retail store opened, as a lengthy learning experience. Though he's repeatedly been offered millions of dollars for his majority stake in Cookies, Berner has thus far refused to sell.
☆ The first legal marijuana farmers in New York are growing for opening season, but still don't know where they're going to sell it
  + stars: | 2022-05-25 | by ( Ben Gilbert | ) www.businessinsider.com   time to read: +4 min
Legal sales of recreational marijuana are set to begin in New York City in late 2022. With just months to go, marijuana farmers still don't know how they're going to sell their crops. "Right now, that is one of the largest uncertainties," Hudson Hemp CEO Melany Dobson told Insider during a recent visit to the newly-converted marijuana farm in Hudson, New York. That retail licensing process, she said during a board meeting on May 19, is scheduled to begin sometime "this summer." The OCM is expected to offer an update on retail licensing in the coming weeks.
☆ I visited a newly licensed marijuana farm in New York, and was shocked by how far there is to go before legal sales begin
  + stars: | 2022-05-21 | by ( Ben Gilbert | ) www.businessinsider.com   time to read: 1 min
Legal sales of recreational marijuana are set to begin in New York City in late 2022. I visited one of the first licensed farms in upstate New York and saw how far there still is to go. Sometime later this year — no one seems to know exactly when — New York City will legally allow recreational marijuana to be sold, opening what's expected to be one of the most lucrative legal cannabis markets in the world. And right now, in preparation for the feeding frenzy, dozens of farmers are growing the marijuana that will become New York's first legal crop. Last Friday, I visited one such farm two hours north of New York City in rural, idyllic Hudson, New York — and saw just how far there is to go before sales open.
☆ Why companies like Amazon, Walmart, and Target are letting customers keep some returns, even after issuing refunds
  + stars: | 2021-11-30 | by ( Avery Hartmans | ) www.businessinsider.com   time to read: +4 min
Major retailers are offering a surprising new option to customers for some returns: just keep it. Walmart, Target, and Amazon are some of the major retailers offering so-called returnless refunds. Amazon is one of several major retailers issuing refunds for products customers don't want without requiring they send the items back. "There's a customer service angle and there's an economics angle," Smith told Insider. So it's not much of a surprise that major retailers are reconsidering that expense.
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