Small Mistakes That Cost Millions To Fix

Published on October 2, 2019 By Chloe Draws

Aol’s bad deal – $141 billion

In 2000, AOL acquired Time Warner for $162 billion making it the biggest corporate merger of all time. The merger was all over the news and many were anticipating the big moves the company was going to make. A few months after the deal closed, it all began going downhill and the company collapsed.

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Advertising budgets were gone as was AOL’s subscribers and subscription revenue. In just two years, the company lost over $206 billion, making it one of the biggest business mistakes in history.