Near Failure: In the 1990s, Apple was struggling, and Steve Jobs was ousted from the company. Turnaround: Steve Jobs returned to Apple in 1997, introducing innovative products like the iMac, iPod, iPhone, and iPad, transforming Apple into one of the most valuable companies globally.
Near Failure: In the early 2000s, Tesla faced financial difficulties, production challenges, and skepticism about electric cars. Turnaround: Under the leadership of Elon Musk, Tesla overcame these obstacles, becoming a major player in the electric vehicle industry.
Near Failure: Twitter faced financial troubles and leadership changes in its early years. Turnaround: Through strategic changes, improvements, and a focus on user engagement, Twitter has become one of the leading social media platforms.
Near Failure: Airbnb struggled initially, facing rejection from investors and legal challenges. Turnaround: The founders persisted, and Airbnb is now a global platform for finding accommodations and experiences.
Near Failure: WhatsApp faced technical issues and lack of user interest initially. Turnaround: After fixing bugs and adapting to user needs, WhatsApp became one of the most popular messaging apps globally, eventually acquired by Facebook.
Near Failure: Uber faced regulatory challenges, protests, and criticism. Turnaround: Uber adapted its business model, expanded services, and is now a major player in the ride-sharing and food delivery industries.
Near Failure: Slack started as a gaming company but pivoted when the gaming project failed to gain traction. Turnaround: Slack shifted to team collaboration tools, becoming widely adopted and eventually acquired by Salesforce.