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What are some notable blunders in history that resulted in huge loss? (lemmy.ml)

submitted 11 months ago by [email protected] to c/[email protected]

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Loss in terms of money or efforts. Could be recent or ancient.

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[–] [email protected] 27 points 11 months ago* (last edited 11 months ago) (2 children)

In terms of money and business, my fav is how Xerox didn't know how to market/capitalize on what was effectively the first personal computer before personal computers were even a concept, which is estimated to be a $1.4 trillion mistake.

[–] [email protected] 8 points 11 months ago* (last edited 11 months ago) (1 children)

This Xerox Alto restoration series is a really interesting reflection on that. Here's the point in the series where they finally get it running. https://www.youtube.com/watch?v=9OQMhvArI9g

Yeah, Xerox made revolutionary progress. But it appears that their proximity to a viable consumer product is a bit exaggerated. It really did still take another set of eyes and minds to wrangle it in. I think if they did release it sooner, and without the leaks, the next competitor still would have seen that and soon come along and done a better enough job to nullify their first-mover advantage.

Those days were chock full of companies that ended up just contributing to the zeitgeist of computing without themselves reaping in the glory.

I think Steve Jobs' comments about what Xerox could have been... Is largely him stroking his ego that he and Apple pulled off what they couldn't.

I don't think Xerox would be the Mac of today in most timelines.

[–] [email protected] 2 points 11 months ago

Here is an alternative Piped link(s): https://piped.video/watch?v=9OQMhvArI9g

https://piped.video/watch?v=9OQMhvArI9g

Piped is a privacy-respecting open-source alternative frontend to YouTube.

I'm open-source, check me out at GitHub.

[–] [email protected] 3 points 11 months ago

Thanks for sharing, I remember this from a documentary on Steve Jobs.