Small Mistakes That Cost Millions To Fix

Published on October 2, 2019 By Chloe Draws

Scott Thompson sells out Yahoo – $60 billion

Former Yahoo! CEO Scott Thompson was trying to get back into investors’ good graces but royally messed it up. In 2012 he sold 20% of Yahoo’s stake in Alibaba, a company that was worth $30 billion at the time.

Shutterstock

A couple years later, Alibaba was valued at $300 billion and Thompson’s decision cost the company $54 billion in losses. Today, Yahoo is worth $48 billion so Thompson made one of the biggest mistakes in the country’s history.