A lot of people blamed Facebook for copying Tiktok’s short video feature, however, that was the best strategy that Facebook used to remain afloat in the market. If it had not introduced Reels, Tiktok would have easily replaced Facebook as the biggest social media platform. If you cannot adapt to the changed time, your will lose business and might even end up shutting down your business. Let’s see how some popular businesses lost their market share.
Do you remember Nokia, right? Well, back in the days when cellular network started becoming popular, Nokia was the biggest manufacturer of mobile hand set. However, they did not adapt to the market trends when smartphones were out. These days Nokia is struggling to survive.
Do you remember Nokia, right? Well, back in the days when cellular network started becoming popular, Nokia was the biggest manufacturer of mobile hand set. However, they did not adapt to the market trends when smartphones were out. These days Nokia is struggling to survive.