Worst Company Disasters! | Top 6 Blunders
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Sources:
Excite
www.todayifoundout.com/index.p...
Kodak
mashable.com/2012/01/20/kodak-...
www.google.com/patents/US4131919
Nasa
edition.cnn.com/TECH/space/990...
Blockbuster
www.cnet.com/news/blockbuster-...
Nokia
/ nokia-ceo-ended-his-sp...
www.theinquirer.net/inquirer/n...
Xerox
www.businessinsider.com.au/xer...
history-computer.com/ModernCom...
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I am actually surprised that Netflix hasn't made a documentary on their struggle. That board meeting where Blockbuster laughed them out would be so funny to watch.
Especially since Netflix got the last laugh.
It would of course be poetic justice to watch that documentart streamed on Netflix...ijs
@@professorjphillips That's just cold😂😂
There is a book by Netflix founder Marc Randolph "The Will Never Work" telling his side of the story, the Blockbuster story was mentioned.
troy neenan and how the blockbuster CEO’s be Netflix and chillin now 😂
How frustrating could have been for the engineers that developed the technology of the future at Xerox, with their bosses and directives having absolutely no clue of what they have in their hands.
I hope they got employed by apple and got their shares or something. Can't image thate apple would buy that technology but not the devs behind it aswell
@@-Timur1214 wasn't the guy that was talking about it one of the scientists at Xerox who then went to work at Apple? I assume Apple recruited more than just him from that team
@Oz for what are read, the executives, when presented the prototypes by their engineers at xerox, believed that nobody would use those devices and would be a failure. You have to understand the context, remember that back then even IBM believed that personal computers would be a failure.
They had an atom bomb
@0.z In 1979 they had grey hair, meaning the were born in the 1910s-20s. Have you ever seen someone from that era on a PC. They could barely handle a touch tone telephone let alone a user interface like that. The oldest ones grew up on shop from home Sears catalogs and morse code telegrams.
A couple of these, like in the case of Netflix and Google, are pretty much "in hindslght" moments, where the reasoning at the time was sound, but then things took a turn they never expected. It's the ones like with Kodak and Xerox that are the real blunders. Seeing the Alto commercial and knowing that it was made in 1973 brought chills up my spine.
True, but really, they simply lacked visionaries.
@@jasonhaynes2952 in the case of Netflix I'd agree in the case of Google it's harder to say for all we know they'd never become what they are now if the deal had happened
Exactly. Kodak and Xerox were already sitting of the developed product. Blockbuster with Netflix and excite with Google, were not. The product just wasn't there yet. In these latter cases it is possible that if the deals had happened we Netflix and Google would have never happened because the dynamics of the companies would have been very different.
Xerox and Kodak both from the same small city - Rochester, NY. It's incredible the technology that they came up with from such an unexpected location. Had things been different, Rochester would have been a huge global tech hub.
That's what happens when you have people on the top with an old mindset.
Kodak's history is so painful. They developed OLED technology back in the 1980's. They sold off the technology to LG in 2009. Less than a decade later, OLED screens became standard in the iPhone, the apple watch, and higher end tvs.
@@talllankywhiteboy I'd rather see it being taken care of by LG rather than the technology being killed off by Kodak.
They are! Amazing ...
Hi there. I so happen to be a former member of the Xerox engineering team at the time that was responsible for the technology you speak of. Back then we knew we were sitting on gold, so we weren’t exactly thrilled after the fact.
The problem was we didn’t have the means to bring it to consumer market, or to even market it. We were missing that connection. So we were under the impression that Apple was going to be this “connection” for us. So for that very moment, we were so excited.
But once we found out they were taking everything and incorporating it into their product without our consent?! That was what led to myself, Owen Bader, Rajesh Dhundra and Charles Baker all leaving.
Xerox was never the same after that, as this was half of the highest level team of engineers and the four top level ones at that. We actually get together once a year in Homestead, CA and spend a weekend together golfing, dinners, etc. just reminiscing on everything that was and could’ve been.
For Blockbuster it's amazing how much damage one person with one stupid mind-frame can cause.
That guy singlehandedly killed every 80's kids favorite business with one poor decision lol
to be fair, i think once they got to be over-corportized they didn't have an original idea to save their lives, just copied what was working for other businesses. BB gets too much undeserved credit as it is when there were other preceding video chains around which they snapped up or basically ran into the ground (i have an example as that happened to a friend of mine who owned a video store).
they ran the chain like they were bulletproof. they'd raise prices, have a great deal it would end in a month once it became popular, their distribution was laughable, and basically treated their store managers like they were idiots who couldn't *possibly* know more than the almighty regional mismanager. it really seemed as if they were trying to ruin their business, a model they didn't even create to begin with.
you'd think these 'educated' upper mismanagers would have heard the old adage, 'innovate or die.' hubris, arrogance, baffling idiocy, unable to read the writing on the wall, never themselves innovating... it was inevitable. we look back on BB with fond and nostalgic memories, but we tend to forget just what assholes they very often were and how frustrating being a customer of theirs could be especially when they were almost the only game in town.
the two old BBs i pass regularly are now a bar and small gym.
I knew Blockbuster messed up when they started to charge people late fees and fees for not re-winding those stupid VHS tapes. Dead technology even back then. Xerox story is min blowing....Easily the worst fail of the century. Dumbest bigshot executives of all times
One person who is in upper management....
sounds familiar now (Mr. Trump)?
The Xerox one is insane. They had the skeleton key for the entire computer industry and had no idea.
Wonder who the R & D people were? That is radically advanced for 1973.
The R and D people were some of the greatest scientists who in PARC made computer mouse, Ethernet sort of, GUI...
But they they didn't make advancements in photocopying, so it was a strict NO by the financers, they just trashed that tech into dustbin
Most of the Xerox R&D guys ended up at Apple! Larry Tesler, for one.
They could have just hired Steve instead. Some people are just so gifted.
No they (Xerox management) could not for Jobs was NEVER the kind to work for someone else. He had to be the one that everyone else worked for, which is what made him the wild success he became, a once-in-a-lifetime individual.
THE EXECUTIVES WERE CONSERVATIVE BONEHEADS.. Many USA companies like guys like that. All talk and appearance and stupid decisions makers.. Boeing 737 MAX is an example.
Holy crap! Xerox's "computer" was amazing! Far ahead of its times! They were sitting on a goldmine!!!
If Exite had bought GOOGLE ,it does not mean it would be the same GOOGLE today.
@@simonwang1061 Yeah true, but you can literally see the Xerox computer. No way this wouldn't have been big.
Trouble was Xerox was built on photocopying. And being able to Send memos intra-office would have cut out alot of need for photocopies. Hence destabilising their core business. It would have been a big risk at the time. Silly in hindsight, but I can see how the conversation would've gone down.
While I love technology, I do miss a lot of things about life before it. Going to Blockbuster, searching for the videos, getting the popcorn, candy, and soda, running at the last minute to return the movie. It was good to get out of the house for mundane errands.
Netflix is part of the New World Order, that aims to make everyone obese and completely locked into their home, disconnected from other human beings. I also enjoyed going to the store and browse around for a movie to watch. Now I'm just a fat slob punching buttons.
The good old days, yes sir!
I dated a couple of chicks that I met on Block buster.
@@felipesalazar942 Yep, it was hard not to meet chicks out and about back in the day. Now they have their faces glued to their phone screens 24/7.
I feel the same way about going cd shopping. It was a rite of passage lost to time
@@Zamolxes77 i dont get y everyone uses netflix. like u can watch movies/series for free on 123movies
Xerox basically gave away everything from the modern computing environment. The GUI interface, networking and email. The three things that created the modern information technology revolution.
Sad. Smh.
Don't forget the mouse. E-mail already existed, they didn't invent it. But the management at Xerox had no idea how to mass produce, market and sell personal computers, whereas that was all Apple did.
czcams.com/video/b7aUJyJbJMw/video.html
Here Steve Jobs explains failure of Xerox.
Lol you just regurgitated what the video said.
They also have the mouse
Xerox is just that kid who does all the work in the projects but isn't mentioned in the presentations.
It's all about how you "sell it"!
Apple is the one that always cheats off of others and takes all the credit for being smart.
I know rite! Email in the 70s!
IKR
@@mariuszj3826 Apple - or rather Jobs - is the one who knows who to go to for homework from each subject, and who not, plus how to manage group project... which is skill in itself. Recognizing genius is honestly THE skill someone in management position should have, and it's a lot less common than you'd guess.
One of my favorite memories growing up was going Friday nights to Blockbuster with my family to rent movies. I am bummed my kids will not get to have that experience.
What d
You aren't tested until a company you own and believe in is down 30-40-50% from its highs. You will question your conviction, your strategy, your process. The market has a way of finding your breaking point. Nothing tests your conviction like falling stock prices
The key is knowing what you own and getting the best price possible. Falling prices give you the opportunity to lower your average cost. It’s a gift.
The deeper the correction the greater the chances of new positions and hence clarifications.
These days the best way to come into the market space is with patience and seeking guidance when necessary. For instance, due to the nature of my job, I can’t handle my portfolio so I just copy the market picks of ''Nicole Ann Sabin'', an Advisor i saw on Bloomberg business news. It’s been smooth since then. I have saved myself all the hassle that chaotic market causes.
@@Natalieneptune469 It'S not the first time someone had advised on this. I need guide in order to salvage what remains of my DOW stock wrecked by the massive dips. I'll appreciate if I get details with which I can reach Ms Nicole .
@@PhilipMurray251
Her details are well on her web page. she's with Wells Fargo Inc. Look up her name.
What I wan't to know is who the Engineers were that created that Xerox computer because they are the real genius here.
Yeah we need to know
right? that OS was better than say windows NT, almost as good as a windows 95, just windows had color. IN 1973!
The really sad part is that, by all accounts, the engineers knew EXACTLY what they had... the Boardroom Bozos just couldn't see it.
H: As opposed to... say... the marketing guys (!).
You can look them up. Xerox also gave away the Fax machine.
I thought why the hell nokia wasn't number 1. then he explained xerox. and then . . . oh FUCK . . .
yaa .. a trillion dollar industry😂😂😂
+Sushant S Nair I thought it was me
You have knowledge 43 years in the future of technology innovation. You lack the simple understanding of the environment back then. For one, the market wasn't in need of a home based computer. Second, the price was massively different. Even in 1985 the Amiga 1000, was $1300 and the capabilities are not even close to a modern $1300 computer...
That is like saying a Tesla self driving car is stupid because in 43 years we will have jet packs...
thinking the same thing
Xerox is just a footnote in Apple's Wikipedia article. I do love the Copiers, quality, built and speed. We have two new bHubs at work and the older bHub never gave us issues.
Man, its just mindblowing to see how clear opportunities sliped past the fingers of such powerful companies!
The problem with the "x failed company passed on the chance to buy y wildly successful company" thing is that there's no guarantee that y becomes successful under the management of x, or indeed that x wouldn't drive y into the ground like it did to itself.
They had a computer like that... In 1973 ?????!!!
Mind completely blown....
Yep and it cost more than a house, also mind blowing 😂
+Dave M. You should compare it to a quantum computer in terms of cost haha
+DVMovies1999
Apple used tech from Xerox not only the GUI, but they paid for the visit an interesting amount of money, but something that nobody tells is Apple did those technologies inexpensive, by example the mouse from Xerox cost more than a hundred bucks only to produce, the computer itself cost as much as a house in part for the uber expensive RAM and GUIs need a lot, original Mac came with 128KB and that is amazing for a computer running a GUI, Windows required 1MB to do something vaguely similar.
When did PCs start having notifications? Like holy shit, that shit was so advanced. I don't think before Windows 10, Windows could actually tell you that you have an anniversary or notify you about something important
Ummmm, Electronic Calander. Quite simple realy, many OS or Office suites have that built in usualy with the Email application. Personaly I still use Outlook Calander on private Exchange server.
If Exite had bought GOOGLE ,it does not mean it would be the same GOOGLE today.
exactly what I thought
Totally agree with that
Thats i was thinking as well
I´m thinking in the same way, we don´t KNOW what would have happened with different choices... it is not automatically a success.
It would mean that Google didn't put them out of business though
I love your selection of music to the video and the fact you are listing what has been played. Excellent job!
Blockbuster in 2007 - "WE'RE GONNA MAKE IT!"
James Keyes - "Hello, I'm here to ruin your entire career."
Sears could be on this list. They were the Amazon of their time. You could buy anything from them (houses, cars, anything). Instead of eliminating their printed catalog (where you could order anything delivered directly to your door), if they had merely converted it to an online catalog (basically what Amazon is now), they might still be the biggest retailer in America.
All the oldies in all this companies weren't just ready for the digital era, it's still yet not even over, everything will ho digital with snapchat (snap inc) metaverse creating virtual worlds, NFT painting sold for 75m dollars, cryptocurrency, everyone bringing their business online, it's only going to become worse from here on
I’ve said that over and over. You could buy ANYTHING from their catalog. At one time you could even buy a CAR called the Sears Allstate. It was simply a rebranded Henry J which was a lesser known cheap car at that time. You could also buy a HOUSE that would be shipped in parts that would be assembled on site. Sears thought that the catalog business would disappear once people got better transportation and were located near an actual store. They had no idea how much computers and cell phones would change the landscape. Like you said ,if they’d kept their catalogue, all they’d have had to do was digitize it. They already had the name recognition and reputation for mail order. Amazon wouldn’t have had a chance.
Xerox,the photocopier company, got its technology copied... isn’t that irony or what?
It's like raaaeeeyaaaain, on your wedding day!.
Haha i think so
😂 👍 😎
No, Xerox LICENSED it to Apple. And Microsoft, as well.
Funny thing: in Russia the word for photocopier is "xerox". And verb for copying paper is "to xero-copy"
I rarely watched CZcams, except to see instruction manuals and laugh at... whatever, pirated movie clip were being shown. Your videos are incredibly researched, wonderfully narrated, and are more insightful and honest than podcasts. I admire how much effort you spend on each video and how you utilize this medium to express information.. You, singlehandedly matured CZcams, continually raise the bar for educational narration and content, and make this medium better than college.
This is your firs time here? this kind of videos are subpar compare to others. He didn't singlehandedly the maturity of this site.
its funny that, at the same interview, Jobs says that PARC showed him "a way to share files", but he was so amazed by the GUI that he simply didn't listen to that part of the meeting . That "way to share files" was nothing more than the Ethernet standard. So PARC simply developed everything that made computing viable to all today, and due to boardstupids didn't manage to get a piece of the cake they baked
Blackberry sort of went down the same road as Nokia did.
Very true. BB originally thought that the iPhone that Jobs demonstrated in 2007 was a mirage, a hoax, that no one could do all the things that Jobs demonstrated without some soft of behind-the-scenes trickery. Consequently, they ignored it. By the time Apple shipped it 6 months later, BB was already behind the times and never recovered.
@@demef758 actually, the first generation iphone was not so good device even in compare with mobile phones that era. So it's not wonder that apple's competitors didn't care about it. Touch screen wasn't something radically new as a technology back then and wasn't look so good at that time. Camera and internet connection in a phone also wasn't something mind-blowing. So actually first gen of iphone was looking something like a fail. But iphones becomes better every year, and that's is a thing. If apple stops after first or second iphone, they will fail in mobile devices.
underrating enemies is always stupid move in any companies or armies. Sony is the same case in road of smart phone market. If they realized that Android is a new wind in mobile phone products. I think they deserve to have a seat in top 5 biggest smart phone companies with market share. So sad for them.
and Palm
seemed like every one had a Palm Pilot in 2000.
That's my point. It very looks like 'Hey, Don. Here is this company which is making me suffocate. It is called Blockbuster. Yes, I will give you 20% of my company's shares
Blockbuster was dope. Miss those days. Having to get there as early as possible after school to get the new release on friday nights.
Now it's Redbox and Tuesdays.
I miss it to but can't deny the convenience now.
New Releases at the video store were always Tuesday morning... we'd get them a week early and have to work late Monday night after closing to have the Wall ready for 10am open. (I think records/albums are the same schedule?) Theatrical releases were always Friday tho!
Dope? Overprized, old movies or very bad ones, too slow.
Tuesday mornings as an employee opening a video store was a nightmare. We used to call the customers ZOMBIES as they piled up at the door before we opened... Lol... Memories....
Wow the Xerox Alto! So much respect for Xerox! I mean I already had a lot of respect for what their copiers can do but MAN, I had no idea! I love your work on making this Doco
Hi there. I so happen to be a former member of the Xerox engineering team at the time that was responsible for the technology you speak of. Back then we knew we were sitting on gold, so we weren’t exactly thrilled after the fact.
The problem was we didn’t have the means to bring it to consumer market, or to even market it. We were missing that connection. So we were under the impression that Apple was going to be this “connection” for us. So for that very moment, we were so excited.
But once we found out they were taking everything and incorporating it into their product without our consent - and with no credit whatsoever given to us?! That was what led to myself, Owen Bader, Rajesh Dhundra and Charles Baker all leaving.
Xerox was never the same after that, as this was half of the highest level team of engineers and the four top level ones at that. We actually get together once a year in Homestead, CA and spend a weekend together golfing, dinners, etc. just reminiscing on everything that was and could’ve been.
Why is nobody replying to this? Xerox employees didn't get their credit then, they need to now!
@@greggeverman5578 that is very kind of you, Gregg.
@@ronnieturner6820 👍
I guess that is where a leader with vision comes in. Some engineers can't do all the job.
They had a PC like that in 1973 and didn't release it? Bastards! i was typing miles of DOS code in 1990!
How old are you now
He told me he is 72
@I C Who said they're 72? Not me. You should never tell your age on social media... i don't. You must be 80 and too old to know that...
lolol I was only joking
@@bigic302 she must be on her 60's
My father worked as an executive at Kodak. He was in the board room with the president, when the president announced that there is no future in digital photography, and Kodak will always be a film company. My father told us the story at dinner that evening. I was 14, and even I knew that was a horrible decision. In the 80's Rochester NY had 100,000 people working at Kodak. Now there are none. Very sad.
I had a Casio digital camera at the time, 1.3 megapixels, and was taking pictures all over the place. I loved it. People around me asking “where’s the film?”, and “what are you going to do with that?’I lived in Rochester and George Fischer was poo pooing digital and selling off non film parts of the company. I remember thinking, this is the beginning of the end. I been driving a Nissan Leaf since 2013 and at first the Car companies were doing the same sort of denial. I love cars and the combustion engines but as batteries get better and renewable energy grows it will do the same to oil. Range anxiety has never been an issue other than forgetting to plug it in. I’ve more range anxiety with my phone.
Paul Klem sony Xperia Samsung lg need
Kodak good
I have been a registered radiologic technologist since 1982. I trained and worked at a small 100 bed hospital and have been at a giant level 1 trauma center for 33+ years. At both hospitals I worked/work at, they exclusively bought Kodak X-ray film. Especially the level 1 trauma center at which I currently work, we literally bought gagillions of dollars worth of Kodak X-ray film. It was the best X-ray film out there bar none. Took absolutely beautiful X-rays with Kodak. The hospital decided to go cheap just around the time digital radiography started appearing on the seen and switched to fuji and even tried agfa. Compared to Kodak they were dogshit! Horrible contrast and resolution and very flat looking radiographs. Now, all is digital/computer imaging. It is astonishing to me to think of all the X-ray film Kodak sold around the world that they lost it all. Just awful.
Well most of what you say is true but in actuality Kodak Rochester peaked at around 65000 employees in 1984. I work there too from 1975 until 1994 we got sold to J&J. There's still about three to four thousand employees in Rochester but most of it is in the movie film business. Yes they are still making movie film because the movie industry screwed up and didn't go digital and now it's going to cost them shit ton of money to convert all the movie theaters to digital equipment so they're stuck with movie film.
The Nokia story makes me wanna cry. I miss Nokia so much.
Amazing how companies that dominated their markets could be so short sighted that they went out of existence. Successful companies realize changes and react to them quickly.
Truth is, even if company is successful now, all it takes is a couple of years and a couple of bad decisions.
@@88Nieznany88 You are right. Success today guarantees nothing. Companies need to keep progressing. Grow or die.
@@88Nieznany88l
@@88Nieznany88l
Jl
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.
Amazing story, I didn't get to see that technology until 1995 at University. Xerox must be kicking themselves in the balls now.
What was the name of the executive?
in the early 90s my parent bought us a mac for 2000
mario parra I bought an early Pentium with 8MB RAM and 75MHz, and I thought I was cool. The 486’s were lame compared to it
@@Kokopilau77 15 years from now our computers will be a joke :)
Damn, Xerox was waaayyyy ahead of its time for it to be so far back. It could've been so big and successful. Tragic.
Man this channel is phenomenal.. Keep it up!
You really do have a talent for making entertaining videos... great voice great content very enjoyable...
CZcams is going to do this to themselves with the relentless advertising during videos.
Absolutely way too much imposing ads even offline ads is ridiculously trying to over controlling and needlessly interfering,I don't care what the hell the ad are for, if it interferes I don't want to see a again!!!!!!
use some king of adblock
Not to mention getting political. Jesus turned down kingship because He knows that politics is a lose-lose activity.
Haven't watched a single ad on youtube since 2009 caus we has adblock..........
I CANNOT understand this at all. How can one use the internet without adblock? I don't think I've ever in my life seen an ad on youtube because back then, when advertising reached the internet, there where still other online video platforms in common use besides youtube.
A paperless office, from a copier company.
It was doomed from the start.
Exactly; even in the Xerox promotional video the [non]pointy haired boss is printing out his emails for no real reason.
@jm gee I don't think water is going out of style anytime soon so that part of your company will be ok :)
Jesus
Sandy BoleYT Word
yeah but they also sell the printer, why not sell the whole PCs... lul I guess that's the definition of being short-minded
Really informative video. Good work!!
When nokia part i was like "serves you right, that's the price for your arrogant!". But when xerox part i actually feel so bad for them.
Xerox had the key to heaven, but they just sitting at the entrance gate looking like confused Neanderthal over the key on their hands.
"You want Xerox to consider using a mouse, and a graphic interface?" Xerox executives, 1975
And sadly, Microsoft, who always made sure there would never be another Microsoft, did not see the Critical and endless possibilities of the Internet and smartphone functions. Now, it's Google who rules the world!
Halpin2006
They've gotten in on the action with bing.com/Microsoft rewards and Windows phones.
hey Child let me know when Google come up with a good OS for PC or MAC. LOL
you where not in the time as a childhood in the 1980.
WIFI access is Via GUI. P2P is Via GUI. Color Screen Display GUI. Touch Screen GUI.
USB Storage or USB drive GUI.
Windows 3.0 and 3.1 is Half GUI and half Command Based you never used it you dont Know.
Early Digital Camera was on a (( Floppy Disc )) = SD Card.
Lot of People invested ton of $$$$$$$ from Consumer to Government to improve todays Standards. macromedia flash player a Small flash player company > ADOBE created FLAC. Very Later Google created CZcams in mid 2000.
20 Years ago most people dont used the Internet
15 - 25 % of the advance population people Such as : Computer Geeks and Advance High Tech Family had access to Internet. INTERNET was Luxury in 1998 if you had cable Internet or T1. uppper class.
if you dont know. Dont Shit on the peoples around the World invested in Computer Upgrade and ETC to build the R&D. without Hardware. there is NO SOFTWARE.
Hardware will always Be first Before any Software. A mid Age Adult giving you a Quick Education you Family dont know.
I had no idea Xerox had that technology. I'm so depressed for them...
Sad is the word you're looking for
they deserved it, it was a MAJOR dumbass move, like, is a computer ignorant person gonna understand more coordinating an icon to the task or typing archaic style code bit by bit
@@letsmakegadgets6899 that is the perfect statement. I hated typing commands all the time too make a computer do something. Had a manager wipe out an entire operating system and all files on a harddrive by putting a command at the root directory.
this is why suits of a tech company should actually be tech savvy. Those guys could have had an extra 100yrs and wouldnt have done anything with it
Dont be depressed.
If you ever feel depressed, just email me.
Gorgeous woman like you shouldn't be depressed. 😍😎
The Xerox commercial is like someone went back in time and told them how offices work in the 2000's.
My uncle found a blockbuster card when I was younger. He rented a SNES and some games from Blockbuster. That's how I got my SNES as a kid :)
I worked for Kodak for 13 years in Rochester... we saw disaster coming as it happened and couldn't understand WTF management was thinking....
@Luxi Turna Nah, I think you're just pissed about something, Luxi. I never thought managers were any worse than us motorheads. 'Course, that ain't saying much.
There is one group I could exterminate, though: electronics engineers. I learned to hate every damn one of them I ever met.
+Black Vic What's wrong with them? Many of the ones I've came across are good people.
I can't say the same thing about managers and other suits. Almost every non-Amazon-caused bankruptcy in recent times always goes back to the suits.
I temped at Kodak and told the boss and his secretary but nobody would listen to me.
Right! Y'all saw it because y'all lived in the real world, on the ground. Your bosses in their ivory towers were busy dining and playing golf, and couldn't have cared less what y'all thought. Y'all were just worker ants, and Exec's almost NEVER listen to anyone below them, unless they're telling them how great they are.
I live 5 minutes from the giant kodak factory and went to college across the street from the kodak tower and it's sad that they went bankrupt. It was such a big thing here and it put rochester on the map for the rest of the country and was something to be proud of
1973? a computer like that? with those graphics!???
OMGF...!!!
Search "The mother of all demos". You're welcome.
And the first video game console was made a year before.
georgemitchel23 My guess is that it was a really expesive PC at the time.
After all he say in the video that the company ware trying to find a way to make the computer cheaper so they can sell it
They should have terminate an employee who important to that project...
It's "OMFG," you dunce
I worked for Blockbuster from 2006-2008. The most important moment with this company was during the "Netflix" movement. We had so many company meetings on how we were going to match the competitor. The quotas for signing people up on the blockbuster at home program were astronomical. Some people lost their jobs because they weren't meeting the expectations the company sent forth. The last meeting I had with the company went something like this "We've matched netflix but now we have redbox. How do we compete with that?" Needless to say I left in 2008 and within 18 months both locations had closed in my town.
Loved it. Thank you so much!
In the year 3000 you will find a working Nokia 3310 somewhere out there with battery life.
Samantha Nel Haha no doubt. I still have a Nokia 3310 in my draw somewhere pretty sure it’s not out of battery yet
@@redhot663 lol the old faithful.
@OAT351 hahahahaha they are!!
Samantha Nel too bad smartphones don’t have batteries like old faithful!!!!
@@ChevyZ28K10 even the screens. My phone dropped out my pocket the other day and the screen shattered.
As somebody who started and runs a business, videos like this are a useful warning to everyone in business.
The side of the road is full of wrecks of companies without vision.
hindsight is a wounderful thing. its easy to look back and think oh what a bunch of prats...if predicting the future was so simple we would all be millionaires by now right...cause its all so oviouse right....or theres no exsuses why we shouldnt all be millionaires in 5 years time right cause its so clear whats the right and wrong way....? if you could bottle hinesight and sell it you would be the richest person in the world thats all I do know.
Sucking dick for money is not a business.
@@---ml4jd Speak for yourself
I'm not sure the IRS shares that position, so I'd suggest reporting the income.
Friday night trips to the video store, man feeling nostalgic right now.
Great video
Well done
And pls keep'em coming
That 1973 Xerox Alto is almost proof of time travel. That was almost 10 years before Atari!
Your avatar pic is fitting
The Atari 2600 was release in 1977! That was the game system when I was a kid.
Remember the checkout lines at Blockbuster on the weekends? It was like a neighborhood block meeting saying high to everybody and talking about what was good to watch. Internet kind of gives but takes to.
Human interaction was the best part of Blockbuster. Now that's lost with stupid Netflix...but people don't care... we're headed into the abyss...but ....hey i have Netflix....right??
Jeff T saying "high" to everybody LMAO
wbutlers u got it lol
That still happens at my local grocery store.
Oh cut that bullshit. People still communicate thanks to facebook and twitter. And I prefer the mom and pop video rental because they have stuff BB don't have.
Wow, I forgot that I was looking for something to write about for my class and got hooked with the last two. I really want to know more about that.
Fascinating. In the early 70's I was working in the Kodak headquarters complex (one of the first big multi-story, multi-building plazas). People were complacent; best jobs and salary and a secure future with a product that was so superior that it was never going to be overtaken by something else. I'm glad to know now what actually happened to bust the bubble. One thing I didn't know until almost 30 years later was that my father and two of his friends had developed the process that gave Kodak its superior colors. They also didn't really understand what they had and sold out for a pittance of what their invention was worth. Sigh.
Whats even worse is that Xerox didn't even invent the mouse, BT did and did the exact same thing to Xerox what Xerox did to Apple.
Dapper Don ... no clue what he means by BT. The mouse was invented by Douglas Carl Engelbart.
Dapper Don
British Telecom
Larry Bundy Jr.......not sure about the mouse, but BT had the fax long before anything else similar came to market. The regional offices each had the forerunner to communicate documents. Can't remember what it was called though !
czcams.com/video/TQ_PFUtErS0/video.html&ab_channel=CZcamsMovies it just keeps getting better
Innovation is basically theft and copycat with slight improvements. That’s why intellectual property law is so hilarious. All businesses and countries who eventually brought in intellectual property and trademark laws climbed the ladder on the backs of stealing from other people and then slam the door behind them saying, you can’t do this any more it’s illegal it’s called kicking the ladder
Cold fusion is so great he doesn't even have haters
Correction, he has 81 at the time of this comment
Probably all the board members of the companies in the vid :)
79 are dyslexic and the other two can't read
they have malfunction mouse
jeremy rocker
Im going to smash his face in when i see him
did not know about Xerox...thanks for sharing!
Xerox in 1973: GUI
Me in 2020: Still typing in terminal
you know, 2008 is the year of the linux desktop!
It's so surreal how Blockbuster Video vanished. To me it's like yesterday when my ex and I used to go there every Friday night to get movies.
They didn't want to evolve....they even put curtains in the adult section which made people felt awkward and like criminals. Unfortunately, Pornhub help put them out of business in that aspect.
Yea it's over its over get over it... You had no boyfriend since blockbuster end 🤣🤣😔🤣
"... when my EX..."
The nostalgia of going to blockbuster to rent the new releases each week gave me a warm-fuzzy... mentioning the 'EX' burst that feeling with reminders of lonely nights with 2&4 year old toddlers asking where mommy was... If you are going to cheat, get a f'kin' divorce first before f'kin' your new corporate mexi-hire! Worst part, praised and promoted for hiring 'Carlos' to take on company paid 'business' conferences! Me, home taking care of toddlers after 10 hour corporate days while IBM was paying a mexi-hire to 'take care of' his boss, all on company expense accounts!
"Push a button and the images you see on the screen appear on paper"
Well, that'll never catch on.
Loved movie rental stores. Always looked forward to go there on a Friday night and get popcorn well browsing for a game to rent for the weekend.
Doesnt mean I'd like to see them come back though.
That's Royal Canadian Air Farce member Luba Goy as the instructor during the Xerox segment. Also, I love that Jumbo by Underworld plays during it!
Damn... so that's how blockbuster's went down.
As a kid my dad would take me and my little brother down there to rent a movie every Friday night.
He called them "popcorn-movie nights".
Man, things were so simple and fun as a small child...
Those were the days 😊
@@nickbritten8132 Hi, my maiden name is BRITTEN🙂
@@specialkaye3059 maybe we're distant relations? 😮 funny enough, my best mate is Ben Kaye and I often call him Special Kaye... there's a strange synchronicity there.
@@nickbritten8132 Wow! That's so interesting😲I have been experiencing SYNCHRONICITY for a year or 2. Their maybe some relations☺You never know
@@specialkaye3059 it's a small world eh 😊
Lesson for companies: Dont hire dumbhead executives.
Clifford Correa, 😂😂
Yes, because I'm sure you personally could have made a better judgment as far as who to hire. Easy for you to say considering you're looking into the past, hindsight is 20/20.
And if they are financial concerns the govt will bail them out, AND allow them to enrich the exec's!!
lesson for you. executives dont get hired
It actually turns out that a successful IT company requires a head who understands both tech (the potential of things) and business (getting people what they want at a price they don't mind paying). Sometimes execs dismiss a new thing because they don't understand its potential, and sometimes they latch onto a wifty new thing without first ensuring that somebody actually wants to buy it.
NOOOOO!!! I FINALLY got that Blockbuster jingle out of my head like ten years ago. Was in there since like 1991. Now it's back. Take me now COVID fml
This video is very depressing. That companies that changed the world ended up making mistakes that doomed them! Thank you for an amazing video
The lesson from Nokia: Unity within the company is most important.
You can have a healthy debate, but not crippling infighting that makes you lose sight of the goal.
MY OPINION ON WORST BUSINESS BLUNDER!
ATARI: MONETIZING BUSINESS MODEL!
A SUPERPOWER JUGGERNAUT VIDEO GAME COMPANY UNLIKE SEEN IN THE EARLIER DAY'S WHO DOMINATE THE VIDEO GAME HOME GAMES AND MERCHANDISE. DESPITE ALMOST NO COMPETITION WITH MANY OF THEIR RIVAL DEFEATED IN THEIR CONQUEST. THE ATARI HAS DESTROYED ITSELF WHEN THEY DECIDED TO MAKE A DECISION TO CHANGE THEIR BUSINESS STRATEGY IN PROFITS.
LIKE LYING AND DELIVERING BOMBED ATARI JAGUAR WITH IT'S WEAK MACHINE AND OUT-PERFORMING VIDEO GAMES CONSOLE DESPITES ITS VERY HIGHLY POTENTIAL THAT WOULD CATAPULT ITSELF INTO WORLD STAGE AND REVIVING THEIR GREAT STATUS AS A MOST POWERFUL VIDEO GAME COMPANY IN ITS HEYDAY!.
Unity happens in peacetime but there was a war declared by Apple that caused the divide. Even the iphone was created under internal struggle but they just happened to succeed.
Read about the iPhone story of apple. You might want to change your view
Yeah, and not hiring an idiot with American education to lead our company.
In 1973 I was in junior high school and, in our typing classes, we still used a manual typewriter! (Glad I took those typing classes as I type at 100 wpm right now.) I got my first electric typewriter when I was in the workforce in 1978. Yes, I know, I'm old.
We used electric typewriters in typing class in 1983. That year was also the first time they offered any kind of computer class at my high school.
Interesting. I took typing in '65-'66 we had half IBM electric (with the keys not the ball) and half Royal's. I didn't live in a huge metro area either. I remember it well because we had one girl in class who could hit 90 with a few mistakes on the Royal but only 70 or so on the IBM because she was so fast the keys would jam. I worked on a JC newspaper in '73+ and we had the IBM Selectric (IIRC) with the interchangeable typing balls.
we used electric typewriters in typing class in 1994. So I have no idea why people think they were gone way before that. and I didn't go to a poor school or anything.It could have easily afforded other things. I think that school just adopted computers late,like right after I graduated.
Yes my mother tells the same horror stories of having to type of meeting minutes on a manual typewriter. She said when we finally got computers it was SOOOOO much easier!
Hey, I still used an electric typewriter in 1996! That's because my computer had no printer at the time, so any school assignments had to be typed out by typewriter.
I miss Blockbuster... going there on the weekend was an event as a kid, and it was super fun.
I actually worked at Xerox in those days but was afflicted with a COBOL generator named Hoskyns HSL-1. It was supposed to generate COBOL source language by the use of decision tables. Only problem was: the tables were specified in British double-negative format which I defy any native American to understand. It was a boondoggle and I left after a very short time. I remember some of my peers working on the Xerox mainframe of the day and they were pretty happy with it. IBM, Honeywell and Boroughs had the market covered in business big iron though.
Kodak also blew it with the copier market. The idea was shown to them but they said the resolution was to low, it had no practical application. Then the inventors started Xerox.
It's kind of sad the lack of vision Kodak had.
True but Kodak invented their own copier technology using film belts and had a huge copier business in it's day. Kodak still has a printer business using the core copier technology.
re you kidding me?
i'm noticing a trend with these companies. I wonder if the rejection from the big dog is what motivated all of these companies to be like, screw you, we'll do it ourselves and kick your ass. and they do. you see it a lot in sports too. this guy was passed by these teams in the draft and it motivates him to work even harder. had they taken those deals or that athlete was taken were he thought he should be would those companies/athletes be what they are/became?
Kodak was 1st and foremost a chemical company. I worked there for 28 years. They were not an equipment manufacturer that could compete with Canon, Nikon, Sony and the rest. Inevitable shift in technology and not at all related to mismanagement or blunders.
Xerox litterally had the future in their hands, but ultimately it takes a person to comprehend the potential to make it big.
You cannot 'literally' have the future in your hands. You literally don't know the meaning of 'literally'; you think it means 'metaphorically', which is the exact opposite.
I was wondering if this video would get it right. And they did...Good job!
You know you feel smart after watching a Coldfusion video.
IKR
ikr
.....well i am thinking of well.....
this guys voice is a panty dropper, he probably gets a lot of panocha when he spits game.
+Alfred Munoz haha pancha didn't expect that
It's so crazy how things can go from gold to bust in just a few years... I grew up in Rochester. We had Kodak & Xerox, not to mention GM plants & a plethora of other businesses & operations pouring many jobs into the area. One by one they all fell & the city is overran by goons. Xerox has gone down the shitter, so has Kodak, GM plant closed, etc etc. You can drive around the city, see these massive buildings that were once flourishing but now dormant & dead looking. It's a damn shame how they just couldn't make the right decisions even though they had literally everything going for them.
3:55 oh dear god, i remember watching Blockbuster and video rental stores die in real time, no joke i used to go to one monthly and we'd rent movies to watch on our TV, at that time a old tube TV as opposed to our 4k one, and i proceeded to quite literally watch it go out of business and die right infront of myself it was honestly quite strange to witness since it was such a big part of my childhood and all of a sudden it just vanished, their stores gradually turned into new developments or, in the case of one in Rotorua simply abandoned with noone to buy it.
Higjly interesting and entertaining video need more of this please.
XEROX WTF
ikr
they got a slice in apple that was still smart... let them do all the work
that GUI alone, dam...what limited foresight and lack of awareness of accessibility/intuitiveness
DAJ
they were business people not tech guys... if anything it was a failure of the tech people to explain the meaning of all that... but then again very few would believe that that was the future
+Lone Wolf But now ot is just a small company i dont even know if they exist anymore
I am totally upset after listening to Xerox story.. How many talented engineers' / programmers' would have created that Graphical User interface (GUI). All their skill, knowledge, talent & Hard work to the Xerox Company went in vein. I am very sad to hear..
No, it didn't. It changed the fucking world.
Agree, but there must of been a very talented someone to warn against the deal but as usual got shouted down by
arrogance and stupidity. Would have, should have, could have on a massive scale!!
It didn't go in vain, Steve Jobs used the idea later. They did play an important part in the development of modern computers.
What he means is that, those original inventors of the tech eventually didn't get recognized because of the arrogance of some button pushers.
Well as the clip showed, a lot of those talented engineers jumped ship to Apple in the coming months.
When did that movie come out? You know what I’ll just excite it.
Imagine lol.
I still have a Kodak easy share digital camera and I still use it from time to time, it can take some great pictures if the lighting is just right...
Blockbuster would have drove Netflix into the ground with their mismanagement. Netflix dodged a bullet.
The Drewman No..
This is a case of
David vs Goliath..
Goliath was blockbuster..
David was Netflix..
Ohh how the tables have turned..
If you want free video..
Kodi.
agree. and askjeeves would not be the technology institute and robot army fleet that google has become.
Andew70 1 year ago,"Blockbuster would ...." *have driven just sayin' a year late but said...
That CEO.. instead of giving someone good a chance...he almost ruined 7eleven and then got hired (!?!) at blockbuster and really ruined it... All while earning so much money and enjoying it (God knows how..) however he pleased. What a piece of trash that guy must've been/must be
No doubt. That one turned out as it should have.
Actually in case of Nokia, it was Stephen Elop, the Microsoft mole that played a huge role in going with Windows Phone, which put an end to Nokia. This was the turning point, they could've either gone Android or Windows Phone and of course the mole picked Microsoft.
Mole? He was personally bribed by Microsoft, to try to rescue Microsoft from a very bad product, Microsoft CE.
+Greg Zeng You don't have any proof of bribery, so stop saying that. But it is plainly obvious that he had very strong interests in bringing Nokia to Microsoft.
yes, i still love symbian. i can't imagine how big if symbian still developed. ovi store and paid apps can be hacked at that time. android too
hmm, I personally love Windows Phone + Nokia phones more than Android or iOS. Nothing wrong in them since last 3-4 years. They couldnt create interest into the market and keep the customer base interested!
There are other reasons for failure.
Xerox missed 320billion
Noki CEO: "Pissing in your pants in the winter to keep warm"
That's a unique quote 🤣🤣
A friend of mine used to tell me about working at PARC back in the early 80s and using the Alto system. She said it was a really nice system to use, far easier and more advanced than anything around at the time. Said it was really sad that Xerox never commercialized the system.
Don't think all CEOs are smart just because they are paid handsomely.
Milano They all got million dollar bonuses or severance pay for running the company into the ground... sign me up!
@@jasong9502 I worked for a company the ceo wrecked. He made out well on his stock options of course.
Exhibit A, Tim Sweeney
Exhibit B, Randy Bitchford
@Alexander Paul just like kenyon obammy
Just like Ron Johnson at JC Penney and Dick Brown at EDS
You are one of the very few channels I get so hyped to see a video in my sub box. I just know I'm about to hear a great story from a great narrator.
First time looking at youre channel, you earn my suscription. Congrats
I imagine in an alternate universe, we’re all walking around with Xerox brand smart phones and tablets
Zerocks
That was brilliant!
All....
I remember the demise of blockbuster. It was sad to see it go.
Bibasik7 it's only basically gone in America there's only 14 operating Blockbusters left here. however there is still close to 200 Blockbusters in Europe still in operation. Netflix and other streaming services are not as big in Europe as they are in North America.
I worked for Blockbuster in the 90s and it was evident then it wasn't going to survive. The lack of competent management was painfully obvious.
I hated Blockbuster! They didn't rent porn movies.
I didn't loose a second of sleep when Blockbuster went bust. I hate that people were out of a job. But I despised that company and the way they treated their customers.
When I bought a DVD player I remember stopping by a Blockbuster and having the manager all but laugh me out of the store when I asked when they might start carrying DVDs. I remember him telling me "they were a fad". "A flash in the pan". "They won't be around for long". "They aren't worth buying as they bring nothing new to the table".
Good riddance to Blockbuster.
90% of their employees were douche bags, kind of like verzion is now. they are arrogant and think they can treat people like shit (customers) because "hey we're too big to fail" i AGREE good riddance!!
i had one tell me the same thing about netflix HAHAA
I never thought there would be such an identical computer to ours back in 1973!!
Xerox
I honestly miss going into blockbuster as a kid. 😭
A time long before the stress of adulting
Man, the Nokia mobile thing hit me in the nostalgia. I remember buying one of the first Nokia Lumia and loving it way more than any phone I'd had. Felt and looked like any other smartphone but the Lumia's were damn near unbreakable.
They were doomed from a complete absence of third party apps. IIRC, the earliest releases of Snapchat (?) were bootleg versions of it because nobody could be bothered to develop anything for it.
I still keep my old Lumia in my computer drawer and turn it on sometimes just for nostalgia.
WOW!! Xerox was sitting on a gold mine and yet did not do anything with it. Those GUI are so advanced even back in the 70s!!!
Steve Job was such a visionary must Admit what a great loss to mankind.
holy shit your channel blew up... I remember back at 50k subs thinking that you deserved way more.... nice going man
You can check out lots more stats about the channel's growth here: vidstatsx.com/ColdfusTion/youtube-channel
it'll get there soon
Exactly
1:27 that was my 1st digital camera back in 2005
Film photography is coming back with the whole retro aesthetic and honestly Kodak is my go to place for quality film so I don’t mind them not being digital and whatnot
I was VP of R&D of a very large semiconductor company. We offered them exclusive use of a new chip technology...their response "we are a chemical company and therefore find no need to embrace digital technology." That's a direct quote...I still have my notes from that meeting in 1992.
History in the making and you were in the middle of it.
Wow... form of pride and arrogance possibly
I see now why executives are paid so much more than everyone else in a company: because if a low level employee does a bad job, the consequences are small. If exec's are bad at their jobs, they can bring an entire company down, depending upon how much power they have. That's why CEOs, CFOs, COOs, et al. are so important.
@@michelesims8619 or just have 10 brillant minds instead and pay them a million each
rather than 1 bozzo.....after all 2 minds are better than 1