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Conventional companies try to find new uses for capabilities they already have. Transformers look at what the market needs and then go build it, hiring new people and/or taking people off other jobs.

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Daniel Lyons

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Since 2011, Groupon has lost $730 million, and Zynga has lost just over $1 billion. Twitter has been in business for 10 years and went public in 2013. Since then, the company has lost $2 billion.

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The technology, called near-field communication, involves a microchip that can send and receive data across very short distances, about four inches. Instead of swiping a credit card, you hold your phone near a reader and let the data zip between the two devices.

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April 25, 2024

The technology, called near-field communication, involves a microchip that can send and receive data across very short distances, about four inches. Instead of swiping a credit card, you hold your phone near a reader and let the data zip between the two devices.

Previous

April 25, 2024

Since 2011, Groupon has lost $730 million, and Zynga has lost just over $1 billion. Twitter has been in business for 10 years and went public in 2013. Since then, the company has lost $2 billion.

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