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The Invasion.
Even though WCW didn't have all their big stars and quickly devolved into another McMahon family struggle, felt the story itself was still salvageable until Austin turned on the WWE.
Made the Alliance look even weaker since now they were being lead by WWE guys (Angle and Austin) and story itself shifted to being about Austin vs Vince again for the main focus. Also didn't help the group looked like a bigger joke once Angle suddenly double crossed them during the definitive match of the feud.
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