Asklemmy

44151 readers

1041 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

Open-ended question
Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
Not ad nauseam inducing: please make sure it is a question that would be new to most members
An actual topic of discussion

Looking for support?

Looking for a community?

Lemmyverse: community search
sub.rehab: maps old subreddits to fediverse options, marks official as such
[email protected]: a community for finding communities

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago

MODERATORS

[email protected]

306

What are some notable blunders in history that resulted in huge loss? (lemmy.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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

[–] [email protected] 61 points 1 year ago* (last edited 1 year ago) (2 children)

Elon acquiring Twitter for $44B in the first place, not taking into account the subsequent blunders. He not only overpaid too much for a social media company without even understanding it, he also wrecked Tesla's stock price as investors saw he was clearly spending too much time on Twitter and he had to panic sell Tesla shares to fund his Twitter adventure. He easily wiped out hundreds of billions from Tesla's market cap during that time.

[–] [email protected] 16 points 1 year ago

I would say he overpaid by exactly the right amount.