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re: Is this the greatest financial blunder of all-time?
Posted on 2/20/18 at 10:12 pm to AUsteriskPride
Posted on 2/20/18 at 10:12 pm to AUsteriskPride
quote:Its only 3 more zeros. Like going from $1 to $1000.
Well sure, but let's compare:
$580,000,000
$500,000,000,000
Chump change
0
Posted on 2/20/18 at 10:19 pm to StringedInstruments
Knowing a couple individuals worth around 250M-500M and one worth north of 3B. The differences are pretty significant.
Posted on 2/20/18 at 10:21 pm to AUsteriskPride
quote:
$580,000,000
$500,000,000,000
I can buy more than enough hookers, blow, and dick juice to kill everyone I know with either amount.
Posted on 2/20/18 at 10:23 pm to AUsteriskPride
Def one of them, so is Rupert Murdoch buying Myspace. Motorola doubling down on flip phones instead of moving toward smartphones in 2007 was also a pretty bad decision.
Posted on 2/20/18 at 10:23 pm to StringedInstruments
quote:
$580,000,000 $500,000,000,000
At that point, who gives a shite?
Huge difference
Huge
Posted on 2/20/18 at 10:30 pm to AA77
Karl Malone disagrees
Posted on 2/20/18 at 10:30 pm to AUsteriskPride
quote:Zucks would of moved on and created something else that would of dominated the internet
I'm assuming he would have allowed MZ to continue running the company
Posted on 2/20/18 at 10:49 pm to AUsteriskPride
Posted on 2/20/18 at 10:50 pm to AUsteriskPride
BitCoin will be the next blunder
Posted on 2/20/18 at 11:33 pm to AUsteriskPride
Didn’t Russia sell Alaska for like $3.50?
Posted on 2/20/18 at 11:39 pm to AUsteriskPride
Ronald Wayne gets my vote.
LINK
LINK
quote:
Ronald Gerald Wayne (born May 17, 1934) is an American retired electronics industry worker. He co-founded Apple Computer (now Apple Inc.) with Steve Wozniak and Steve Jobs, providing administrative oversight for the new venture. He soon, however, sold his share of the new company back to Jobs and Wozniak for $800 US dollars, and later accepted $1,500 to forfeit any claims against Apple (in total, equivalent to $9,498 in 2017). As of March 2017, if Wayne had kept his 10% stake in Apple Inc., it would have been worth over $75.5 billion.[1]
Posted on 2/20/18 at 11:49 pm to CarpeDiem
quote:
Ronald Wayne gets my vote.
quote:
As of March 2017, if Wayne had kept his 10% stake in Apple Inc., it would have been worth over $75.5 billion
Joe Green, he was Zuckerbergs's Harvard roommate who co-created a social network website with Zuckerberg that would later become Facebook. He choose to stay in school instead of dropping out to help Zuckerberg start Facenook. Green's father was a professor that said finishing his education was more important.
LINK
Posted on 2/21/18 at 12:01 am to Kafka
quote:
IBM allowing Bill Gates to be a middleman instead of going to the inventor of DOS himself
IBM would have bungled DOS by keeping it from progressing. They would have "fixed" problems by throwing tons of cheap labor at it and ended up with a painful compatibility matrix that stifles innovation.
Apple and some other Linux derivatives would have beat their pants off and they'd be even worse off because that's less x86 hardware IBM would have sold.
Posted on 2/21/18 at 12:18 am to AUsteriskPride
You're assuming MySpace wouldn't have killed Facebook had they bought it. I'm guessing they would have.
Posted on 2/21/18 at 6:01 am to TxTiger82
quote:
You're assuming MySpace wouldn't have killed Facebook had they bought it. I'm guessing they would have.
They would have merged and become MyFace.
Posted on 2/21/18 at 6:07 am to AUsteriskPride
Ronald Wayne sold his 10% share of Apple stock for $800 now valued at 75.5 billion.
Posted on 2/21/18 at 6:19 am to TheArrogantCorndog
quote:
Ended up jacking it in a room smelling like lavender vanilla
This guy gets it
Posted on 2/21/18 at 6:23 am to mikelbr
quote:
Hookers, blow, and dick juice
This guy really gets it
Posted on 2/21/18 at 6:30 am to hillrosetiger
quote:
No, this is the answer to your question
I'd argue James Monaghan is up there. From the wiki James and his brother Tom took over a small pizza chain for $1400 (this was in 1960). The business did well enough that it cut into James' hours as a full-time postman, so he traded his half to Tom in exchange for a VW Beetle.
James thus kept his job delivering mail while his brother grew the business into Domino's Pizza.
Also, supposedly one of the earliest uses of bitcoin involved buying a pizza for an ungodly number of BTC that would be worth many millions today.
This post was edited on 2/21/18 at 6:35 am
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