Functionality Mistakes Throughout History That Were Way Too Expensive to Fix

Scott Thompson’s tenure as Yahoo’s CEO in 2012 quickly became notorious. Initially brought on board to lead, he instead incurred substantial losses by mishandling a crucial stake in Alibaba, marking a costly era for Yahoo.

Under Thompson’s leadership, Yahoo made the ill-fated decision to sell 20% of its Alibaba stake, valued at $30 billion then. Following the sale, Alibaba’s worth surged to over $300 billion, resulting in a staggering $54 billion loss for Yahoo.