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Entertainment

Functionality Mistakes Throughout History That Were Way Too Expensive to Fix

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63. Terra Networks’ Costly Acquisition of Lycos

Year: 2000
Location: N/A
Company: Terra Networks, Lycos, Inc.
Estimated Damage Value: $12.41 billion*

In 2000, Terra Networks bought Lycos for a staggering $12.5 billion amidst the dot-com bubble’s peak. The subsequent years saw Lycos discard its search crawler, marking a questionable move following such a significant investment.

Once a top internet site, Lycos faced a dramatic fall, being sold in 2004 to Daum Communications for just $95.4 million, a fraction of its purchase price. The brand, surviving various challenges, evolved into Brightcom Group by 2018.