Icahn's investment in Blockbuster, aimed at reviving the company in the face of competition from Netflix, ended in a significant loss of around $200 million. He later pivoted and made substantial gains by investing in Netflix (MarketXLS).
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Launched by Google in 2004, it was particularly popular in Brazil and India. It was shut down in 2014 due to declining user engagement and competition from Facebook.
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Terra's protocol focuses on stablecoins pegged to different fiat currencies, with LUNA used to stabilize the price.
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