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WebDec 31, 2024 · When the company went out of business in 2011, it became the most well-financed flop in U.S. venture capital history. Even though it had $140 million in revenue, … WebGet Michael Zhang's email address (m*****@yahoo.com) and phone number at RocketReach. Get 5 free searches. WebAnswer (1 of 3): Studebaker made a series of poor decisions starting in the 1920’s through the 1940’s that pretty much sealed their fate. Their merger with Packard in 1954 was far too late to be of help and their limited line of vehicles didn't really resonate with buyers. Studebaker barely survi... how to schedule a video on tiktok