Worst business decisions ever.

[CastletonSnob]

What are the worst business decisions you've ever seen?

Blockbuster passing on Netflix has to be up there.

[Kirby101]

Xerox closing down Xerox PARC which basically invented the personal computer interface. It's were Jobs and Wasniak got their tech.

Sears closing down their mail catalog to concentrate on in store purchases in the 90s.

[hyped78]

Excite.com were offered to buy Google in 1999 for $750k - they turned it down

[seismic-2]

Sun Microsystems' not purchasing Apple Computer company in 1996. (They had already passed on a merger negotiation, in 1990.)

[Kirby101]

Anybody doing business with Trump.

[frankiedetroit]

I bought 100 shares of Amazon in 2006 at $32/share. I sold it a couple years later at $100/share. I tripled my money, but...

[Kirby101]

Magic Johnson made a Rookie shoe deal with Converse for $100,000, the biggest Rookie deal yet. But a Start Up shoe company offered him 15,000 shares of their stock. That company, Nike, his shares today would be worth $6 billion.

[Riv86672]

I read that Shane McMahon tried and failed to get his dad to buy the UFC back in 2001.

In keeping w. the OP i guess I should reword that to, in 2001 Vince McMahon ignored his son’s advice to buy the UFC.

[babyblob]

Tom Monaghan who cofounded Dominoes pizza with his brother James sold his half of the business to his brother for a Volkswagen Beetle.

James wanted to keep doing delivery and wanted to remove items from the meus and open more stores.

Tom was not happy at the direction of the store and his brothers ideas. So he gave up his half of the business for the Volkswagon that was being used for Deliveries as it was a car the two owned together.

[scourge]

Square Enix's recent blunder of selling off so many profitable franchises so they could dive into NFT nonsense was incredibly stupid.

[foxley]

The New Coke fiasco.

[DrNewGod]

IBM: "Sure, Bill Gates, you can resell the operating system and programs that Microsoft has built for our computers to anybody else you want, without even giving us any kind of piece of that action."

Louis B. Mayer (founder and chief of MGM) to Esther Williams in the early 1950s: "Television is a little black box that's never going to amount to anything."

[CaptainEurope]

Domino's Pizza trying to make it in Italy. They just closed the final branch.

[DrNewGod]

Domino's Pizza trying to make it in Italy. They just closed the final branch.

Yah. That's comically bad.

[Starter Set]

Domino's Pizza trying to make it in Italy. They just closed the final branch.

Haha, gotta love the optimism though.