What are some of the costliest mistakes ever made in history? by Diyar Bey Hekimoğlu
Answer by Diyar Bey Hekimoğlu:
I don't know why people did not mention about Yahoo’s mistakes on the previous answers. So, I wrote a few examples:
- 1998: Yahoo refuses to buy Google for $1 million;
- 2002: Yahoo realizes its mistake and tries to buy Google for $3 billion, Google says “Give us $5 billion”, Yahoo says no;
- 2008: Yahoo refuses to be sold to Microsoft for $40 billion;
- 2016: Yahoo was sold for $4.6 billion to Verizon.
EDIT: People are pointing out in comments section that there are dozens of other mistakes made by this “amazing” company. Here you can find more: