Of course Steemit inc failed. Steem had a top 10 position on coinmarketcap. Steemit could have built a lot of services on the top of Steem blockchain when it was very visible.

DEX, a lot of partnerships, at least a mastercard to cashout/trade steem/usd and many more. Looking at real things they build nothing but nonsense updates.

And people still wait for that confirmation e-mail.

WHAT A FAIL.