304
What are some notable blunders in history that resulted in huge loss? (lemmy.ml)
submitted 3 years ago by to c/asklemmy@lemmy.ml
209 comments fedilink hide all child comments
 

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

you are viewing a single comment's thread
view the rest of the comments
[–] 7 points 3 years ago* (last edited 3 years ago) (1 child)

Or Blockbuster turning down a $50 million offer to buy out Netflix.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 5 points 3 years ago* (last edited 3 years ago) (1 child)

    That one really wasn't as obvious at the time. Netflix was in huge debt and hadn't really built their streaming platform yet. In fact streaming was barely possible. Blockbuster should have been able to out-compete Netflix at both dvd by mail and streaming but they screwed it up. Netflix won, but may now end up getting killed by the big studios.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •
  • [–] 4 points 3 years ago* (last edited 3 years ago)

    That one really wasn’t as obvious at the time.

    It never is, that's how the investment market works. Blockbuster thought it was still ludicrously high for an ailing niche competitor. That's arguable, but I don't think anyone could guarantee Netflix was actually going to achieve their (at the time very sci-fi) vision.

  • permalink
  • fedilink
  • source
  • parent