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What are some notable blunders in history that resulted in huge loss? (lemmy.ml)
submitted 3 years ago by 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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[โ€“] 36 points 3 years ago (1 child)

The program was called "Power Peg" for those googling for it. It was a test program not intended to be used on the live market.

The Power Peg program was designed to buy a stock at its ask price, and then immediately sell it again at the bid price, losing the value of the spread.

The Worst Computer Bugs in History: Losing $460m in 45 minutes

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