This happened a month ago, and the description isn’t in my own words, but what happened is still very interesting to me.
In 1998, Yahoo refused to buy Google for $1 million.
If you don’t know, Google is now worth about $360 Billion.
Then in 2002, Yahoo realized its mistake and tries to buy Google for $3 Billion. Google however wants $5 Billion, but Yahoo says no to that offer.
In 2008, Microsoft offers to buy Yahoo for $40 Billion and Yahoo refuses it.
Now in 2016, Yahoo is struggling and had to sell itself to Verizon for $4.6 Billion.
This reminds me of the story about how the Founder of Atari could have invested $50,000 to own 30% of Apple, which is now worth $500 Billion.
The idea today is that some people seem to just always make the wrong decision.