Failure – Netscape
- Current Company Value: SOLD OFF, VALUE UNKNOWN
AOL eventually acquired Netscape in 1998, however. Yet what’s so interesting is that just a year before AOL bought them, they released the source code for the Netscape browser and created the Mozilla Organization. Using the Gecko rendering engine, they rewrote the source code, and once AOL backed off of its involvement in Mozilla, the team took advantage. By 2003, Mozilla Foundation popped up, and eventually, the Firefox browser was created. In spite of this, AOL still technically owns Firefox, and Verizon Media owns AOL. Therefore, Netscape ultimately failed but was a major player that changed the game forever.