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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
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
Tesla cofounder Martin Eberhard says EV companies shouldn't try to compete head-on with Tesla. He said EV startups should try to find their own market and avoid launching Tesla-like models. "My advice to anybody who wants to get into the EV space now is don't try to compete head-on with Tesla," Eberhard told Insider in an interview. Lucid confirmed that Eberhard worked at the startup for a short period in 2015 but declined to comment on his departure. After leaving Tesla, Eberhard served for about two years as the director of EV development at Volkswagen Electronics Research Laboratory.
Eberhard told Insider Musk's comments on Tesla's history were "typical" of the billionaire. "Not one sentence of that tweet is true," Eberhard told Insider. In 2009, Eberhard sued Musk, alleging libel and slander because Musk started calling himself Tesla's founder. "I was thinking that I should do what every guy does and buy a sports car," Eberhard told Insider in 2014. Eberhard told Baer it was the first time he butted heads with Musk.
Eberhard once sued Musk, alleging libel because Musk said he's a Tesla founder. Eberhard told Insider that Musk's comments on Tesla's history were "typical" of the billionaire. "Not one sentence of that tweet is true," Eberhard told Insider. In 2009, Eberhard sued Musk, alleging libel and slander because Musk started calling himself Tesla's founder. "I was thinking that I should do what every guy does and buy a sports car," Eberhard told Insider in 2014.
As the US emerged from the Great Recession, cheap real estate and the rise of e-commerce collided to create a warehousing boom. Now warehouse boomtowns shoot up in places like California's Inland Empire, Pennsylvania's Lehigh County, and Columbus, Ohio, and the number of warehouse workers has nearly tripled in a decade. Here, Insider explores how the rise of warehouses and warehouse work has changed the US and its citizens as we became a Warehouse Nation. A surge in warehouse workUsing data and on-the-ground reporting, Insider looked at the opportunities and hidden costs of the rise of warehouse work. Read more from 'Warehouse Nation'A look from Insider at how the warehouse boom has reshaped America.
Gary Gensler, the chair of the SEC, told Insider the proposed plan is to make environmental, social, and governance, or ESG, reporting more formalized. The most popular is TCFD, a set of letters you should get used to if you're interested in climate policy. The task force developed its own set of international recommendations for climate reporting, with "core recommendations" centered around governance, strategy, risk management, and metrics and targets. How synced should ESG reporting be with preexisting quarterly and annual reports? "We believe ESG reporting will mature far more quickly but needs to follow a similar path."
As it turns out, stupid people tend to overestimate their competence, while smart people tend to sell themselves short. Check out the list below and see if any of these signs apply to you. AdvertisementStupid people tend to overestimate their competence, while smart people often sell themselves short. As Shakespeare put it in "As You Like It": "The fool doth think he is wise, but the wise man knows himself to be a fool." Here are some subtle signs that you are considerably smarter than you think.
Persons: , Shakespeare, David Dunning, Justin Kruger, Dunning, Kruger, Drake Baer, Chelsea Harvey Organizations: Service, Cornell University
Men — and women — are attracted to people who are as attractive as they are. In one study, for example, researchers at the University of California at Berkeley looked at the behavior of 60 male and 60 female users on an online dating site. "If you go for someone roughly [equal] to you in attractiveness, it avoids two things," Nottingham Trent University psychologist Mark Sergeant, who was not involved with the study, tells The Independent. "If they are much better-looking than you, you are worried about them going off and having affairs. If they are much less attractive, you are worried that you could do better."
Persons: , Mark Sergeant Organizations: University of California, Nottingham Trent University Locations: Berkeley
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