In this edition, we talk colossal financial blunders. Did you know Kodak invented the digital camera in 1975, but the company ditched the plan for production. The result: Kodak went bankrupt in 2012. …
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In this edition, we talk colossal financial blunders. Did you know Kodak invented the digital camera in 1975, but the company ditched the plan for production. The result: Kodak went bankrupt in 2012. Also, McDonald’s ignored the “healthier food” trend in the early 2000s, and it cost them $1 billion in sales. Yahoo had the option to purchase Google for $1 million in 1998, but it turned it down. Now Google is worth $1.8 trillion. Decca Records turned down a British band in 1962 because it felt guitar bands were on the way out. The Beatles went on to sell an estimated 1 billion records with a different label. And finally, Nokia ignored the iPhone because it believed nobody wanted to use a touchscreen. The company went on to lose $74 billion in market value.