10 Famous Brands That May Disappear Soon

By SiliconIndia   |   Wednesday, 25 September 2013, 12:53 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

8. Salon.com

The present wave of advanced news and commentary sites on the web like The Atlantic and Washington Post has overshadowed the pioneering commentary site, Salon.com.  The company lost its CEO and CFO, and Cynthia Jeffers, the CTO who was put in charge was also not able to do any good to the company. The company had $149,000 in bank in the end of 2011 and a liability of $12.7 million, but at the end of the same quarter,  it lost $997,000 on revenue of $1.03 million.

9. The Oakland Raiders

The team has been moving back and forth from Oakland to Los Angeles during 1980s. The team was founded in 1960 and was a member of AFL. They later joined NFL when the leagues merged in 1970 and won Super Bowl in 1976, 1980 and 1983. The owner of the team, Al Davis had been controlling it since 1960 and after his demise last year the control went on to his heirs and shareholders. The current team manager, Mike Davis plans to move The Oakland Raiders to LA and told San Francisco Chronicle - “Yeah, Los Angeles is a possibility. Wherever’s a possibility. We need a stadium.”

10. Metro PCS

The company is no more in a position to compete with larger companies T-Mobile, AT&T, Verizon and Sprint-Nextel. The shares of Metro PCS fell from $17.84 to $5.86. According to the Associated Press “MetroPCS Communications Inc. says it gained a net 131,654 subscribers in the quarter, the worst result in years for the first quarter, which is normally the company’s strongest. It ended the quarter with 9.5 million customers.”

Read More:

5 Recession-Proof Business Ideas
Rupee Logs Biggest Decline Globally In August

SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..