10 Tech Personalities Who Lost Billions Over A Bad Choice
Bangalore: There are many instances in tech industry where a bad choice has cost billions. Decisions like Yahoo turning down the deal to buy Google or the ex-boss of Steve Jobs at Atari, Nolan Bushnell, turning down an opportunity to invest in Apple, set out to become one of many such bad choices that made history in tech.
Read on to know 10 tech personalities who lost billions over their bad choices, compiled by Business Insider.
#10 Groupon's Andrew Mason turned down a $6 billion offer from Google
Andrew D. Mason is the founder and former CEO of Groupon, a Chicago-based website offering users deep discounts on local businesses.
He turned down a $6 billion buyout offer from Google. Instead, he opted to take Groupon public.
The IPO raised $700 million, and the company was briefly valued at more than $12 billion. But the stock promptly tanked after Groupon missed earnings forecasts and struggled with its accounting.
A month ago, Mason got fired from the company he founded, and cofounder Eric Lefkofsky and board member Ted Leonsis took over as co-CEOs.
Post your Comment
All form fields are required.
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved