The editors of Ars Technica have compiled their annual list of “Companies, tech, and trends least likely to succeed in 2018… Let’s grab a Juicero and take a moment to reflect on the utter dumpster fires that we’ve witnessed over the past 12 months.” Some of its highlights:
Uber. “The company is losing billions of dollars a year, with no clear strategy for getting to profitability. Uber lost $2.8 billion in 2016 and will lose even more than that in 2017. Uber had $6.6 billion cash on hand in mid-2017 — money that might not last much beyond the end of 2018… The company needs to find a way to stem its losses and get on the path to profitability before investors get frustrated and close their checkbooks…” Twitter. “Still a money-losing concern. In 2016, it lost a mere $456.9 million, and its losses have continued in 2017 (though at a slightly less hemorrhagic pace). Still, on paper, the company is burning through the equivalent of a third of its cash on hand per year. And profitability (or an acquisition) is nowhere in sight…” Net Neutrality. “It’s not a company, but it’s on deathwatch anyway…” They also advise readers to “Pour out one for Radio Shack, which died even faster the second time around after what looked like a brave reboot” (though it’s now getting another reboot). And they’re bragging about their successful picks last year for the companies least likely to succeed in 2017. “Yahoo has now been officially digested by Oath, a Verizon Company, its bits commingling with AOL’s in a new, bizarrely named beast that for now bears the same logos… Yik Yak, the anonymous gossiping-messaging app that got banned by various universities for hate speech, is dead — selling its intellectual property to Square, of all companies… Theranos is busy sending out thousands of refunds to Arizona residents, and the company has rented out its Palo Alto headquarters in an attempt to stay solvent until it can legally test blood again… BlackBerry doesn’t make phones any more, having licensed its trademark and some of its tech to TCL. It is now a ‘cybersecurity software and services company dedicated to securing the Enterprise of Things.'”
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