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Tech companies that shut down or went bankrupt in the past decade - Business Insider

Tech companies that shut down or went bankrupt in the past decade - Business Insider

old blockbusterA dilapidated Blockbuster sign.

  • The 2010s saw booming growth across the tech industry, but some companies didn't survive the decade.
  • Many of the companies that went under in the past decade were aging dinosaurs that couldn't adjust to changes brought about by new technology.
  • Other high-profile casualties included startups who raised hundreds of millions in venture capital before ultimately collapsing.
  • Visit Business Insider's homepage for more stories.

The 2010s were a decade of massive transformation for the tech industry. Advances in technology brought nearly every industry online, and the proliferation of mobile devices and social media fundamentally changed the way consumers and businesses interact.

The 2010s were also a bloodbath for companies that couldn't keep up with seismic technological changes.

Dozens of high-profile companies went under in the past decade. While some were doomed by their reliance on outdated tech, others were new startups that raised millions before burning out.

These tech and media companies are now synonymous with obsolescence, but their decline and failure can provide valuable lessons about how fast industries are changing and what happens to entities that can't keep up.

Here are 13 of the most notable tech companies to go under in the past decade.

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2019-11-02 11:00:00Z
https://www.businessinsider.com/tech-companies-that-shut-down-went-bankrupt-in-last-decade-2019-11
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