A word used to describe a startup changing their business plan... again. Most likely because it was crap to begin with. This usually happens several times.
Launched in 2004, AssNuts.com grew at an astounding 300% year over year until 2005, at which point we decided to pivot the model to reflect more of a profitability play. In February 2005, AssNuts was acquired by GoogleBalls for $760 billion and later dismantled and burned to bits.