From Glory to Ruin: The Shocking Mistakes That Toppled 26 Major Companies Overnight
So Komen said ‘oops, that was a bad move so we’re NOT defunding Planned Parenthood mammograms.
Conservatives then asked for donation refunds and non conservatives stayed away.
The nonprofit went from the most trusted name in charities to shuttering most of its local offices and reducing its revenue close to -60%.
Enron commiting fraud on a massive scale. Granted, it’s also the only thing that made the company in the first place.
Yahoo had an opportunity to acquire Google for around $1M but decided not to. Since then, Yahoo, which was once a tech giant, saw a significant decline over the years and was acquired by Verizon in 2017 for about $4B. Fast forward to today, Google is now a powerhouse worth around $2T.
Osborne Computer began showing off its next-generation computer when it wasn’t ready yet. Everyone canceled orders for the in-market model in anticipation of the new one, which tanked the company.
Maybe not *worst* decision but generally bad business is to give the consumer too many options. Like a sandwich place with 100 sandwiches on the menu. In reality, most of them are similar with one thing subbed for another. It’s confusing for consumers, servers and the kitchen, annoying for everyone, and it slows turnaround down driving down revenues.
Atari delayed the release of the 7800 by half a year as it tried to renegotiate royalty rates paid to cartridge developers.
In the meantime NES launched and took the market.
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