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Cat In The Hat Loses Its Head

And here we observe the Cat in the Hat, a creature that arrived with considerable fanfare but departed with unseemly haste. In merely 175 hours, this feline found itself divested of 77% of its value—a financial equivalent of shedding one's fur in a wind tunnel. The revocation of all authorities suggests even its creators recognized the project had become... how shall we say... a rather poor hat to wear.