this post was submitted on 04 Aug 2023

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What are some notable blunders in history that resulted in huge loss? (lemmy.ml)

submitted 3 years ago by bady@lemmy.ml to c/asklemmy@lemmy.ml

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Loss in terms of money or efforts. Could be recent or ancient.

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[–] RealAccountNameHere@beehaw.org 21 points 3 years ago (1 child)

The first thing that came to mind, oddly enough, was Blockbuster refusing to buy Netflix for the equivalent of a rat and a string to swing it with.

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[–] Jourei@lemm.ee 7 points 3 years ago (1 child)

I really doubt that Netflix would be what it is today if they had gotten bought. Too much would change too soon.

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[–] mustardman@discuss.tchncs.de 1 point 3 years ago

In that case it may have prolonged the movie-rental paradigm by a few years allowing Blockbuster to dominate a bit longer.

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