#startup-collapse

[ follow ]
#social-commerce #tiktok-ban #layoffs #generative-ai #ai-in-software-development #financial-misrepresentation
fromBusiness Insider
3 days ago

How a $1 billion TikTok challenger unraveled

The TikTok challenger had just cracked the Apple App Store's top-five ranking. Downloads soared 855% month over month, Sensor Tower data showed, fueled by TikTok's imminent ban in the US. It was a dream scenario for an app that - with over $230 million in funding and a roughly $1.1 billion valuation - promised to reinvent social shopping through a mix of product reviews and entertaining videos.
Startup companies
Venture
fromIT Pro
2 months ago

'The latest example of FOMO investing': Why the Builder.ai collapse should be a turning point in the age of AI hype

A high-profile startup misrepresented its capabilities and faced major financial issues after the generative AI hype.
Marketing tech
fromTNW | Deep-Tech
3 months ago

Builder.ai collapse exposes dangers of 'FOMO investing' in AI

Builder.ai's collapse underscores the hazards of FOMO investing in the tech sector, especially regarding inflated AI valuations.
[ Load more ]