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10 Tech Personalities Who Lost Billions Over A Bad Choice

By SiliconIndia   |   Tuesday, 02 April 2013, 13:34 Hrs   |    1 Comments
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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.

Read Also: 10 Drastic Mistakes Of Apple's CEO Tim Cook and Two Out Of Three Indian Internet Users Access Facebook or Twitter


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Reader's comments(1)
1: Joe Green bad luck dude....
Posted by:sharath - 16 Apr, 2013