If you liked this article, "Company Man" on YouTube has a lot of great videos about companies and their histories. The "rise and fall" is a common theme -- occasionally you'll get a "rise and fall and rise again" story.
A good faith reason could be that the audience doesn’t want all of the most important or interesting to a geek or corporate/financial aspect, so that’s why they don’t include some details I feel should be included.
I don’t personally believe that though. I’ll try to rewatch a video of his soon and give out specific examples.
They made the mistake of pitching their entire product at a very singular niche and the people in that niche are now getting older and in many cases too old to ride.
Fantastic overview here https://www.youtube.com/watch?v=EOwxxsPaogY
Simply put HD make nothing that appeal to rides my age (41) and younger.
The example I'm thinking of is Nucor Steel. They arose from a company called Nuclear Corporation of America, a 60s era conglomerate that ultimately failed and was broken up. A part that was viable made steel roof elements for industrial buildings. Through a series of risky investments they built a small minimill to remelt scrap to make I beams and such, and this eventually grew into the largest US steel company, with $20B in revenue in 2020.
Interestingly, they also have the old REO Motor Company in their corporate ancestry. The CEO of Nucor in its early days would sometimes get calls from people looking for spare parts for old REO vehicles (including the REO Speed Wagon, a light truck the band was named after.)
I'm assuming SPACs would not count, as this is just using the zombie shell of a dead company to do what is effectively an IPO of a new company.
Sorry
- The two newest consoles (PS5 and Xbox Series) feature all-digital models that effectively neuter Gamestop's primary used-game market.
- Microsoft is pushing Game Pass over individual purchases, which cuts Gamestop out of new game sales.
- Free-to-play games allow Gamestop to sell prepaid currency cards, but there's nothing special about GS doing that versus any other store that sells gift cards.
- Customers generally have preferred digital distribution over in-store pickups, since the former can message discounts more effectively and make for snap impulse purchases.