There are many other businesses, such as Blockbuster and MySpace, that were not as successful in adapting. These businesses failed because they did not change with the times and eventually went out of business.
Blockbuster
One example of a company that failed to adapt is Blockbuster. Blockbuster was once a dominant force in the video rental industry, but when Netflix came along and offered a streaming service, Blockbuster was unable to keep up. Blockbuster filed for bankruptcy in 2010.
MySpace
Another example is MySpace. MySpace was once the most popular social media platform, but it was eventually overtaken by Facebook. MySpace never updated its site to keep up with the times, and as a result, it lost its market share.
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