10 most costly mistakes of all time
Mistakes are part of human life. Every Human makes mistakes in their life, learns from those mistakes and moves forward. People are also said to be the "Statue of Bugs". But if we make mistakes related to money, then it is not so easy to correct them. Below we have discussed some of the costly mistakes people have made and spent millions of dollars on each mistake.
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10Excite.com
In the 1990s and 2000s, Yahoo was the most visited website or search engine in the world. At the same time, excite.com was the second most visited search engine in the world. In 1999, excite.com received an offer to buy Google for $1 million, but excite.com's CEO refused to buy Google, which was the biggest mistake of his life. Because today Google has a market value of 280 billion US dollars and is the most visited website in the world.
9. New SNCF trains
In 2014, France ordered 1,800 new trains from SNCF worth US$20.5 billion. The trains were ordered to improve France's railway system. But the government gave the company the wrong dimensions and the trains got a little wider compared to the old stations when the trains were a little thinner. The government intended the railway stations to be 30 years old, but most of the stations were built 50 years ago, and that's where they got it wrong. After that, the French government suffered a loss of 68.4 million US dollars to reconstruct old stations for new trains.
8. London Millennium Bridge
London's iconic Millennium footbridge began construction in 1998 and officially opened in June 2000. The bridge was built across the River Thames for people to cross. The bridge cost £18.2 million to build. The bridge's engineers focused on design, gravity and sea level. But they forget about the power exerted by the people walking on the bridge. On the opening day, thousands of people came to see the new bridge, but the bridge began to sway. The bridge was eventually closed for that day and then for the next two years to make changes and keep it stable. The cost of the renovation was almost US$6.3 million and the company suffered huge losses. This is one of the most expensive mistakes ever made.
7. Million dollar typo by Alitalia
In 2006, Alitalia made a huge loss of US$7.7 million due to their stupid mistake. Back in 2006, the cost of business class on a flight from Toronto to Cyprus was around $3,900, but Alitalia sealed it for just $39, so nearly 2,000 people booked tickets. The airline initially refused to sell tickets, but then accepted tickets for $39. As I said above, you won't believe that the company lost about $7.7 million due to such a stupid mistake. It was the biggest costly mistake made by any airline in the history of mankind.
6. Million dollar decimal error
At that time a submarine was being built for the Spanish Navy, but this submarine never worked for the Spanish Navy. The fixed weight of the submarine was about 7.7 tons, but one of the engineers made a mathematical or decimal point error. The engineer removed the decimals from the number and printed a weight of about 77 tons. After the mistake was acknowledged, the Spanish government had to pay US$11 million in damages. But even after that, the submarine did not work, and about $6.3 billion was wasted.
5. Never throw away bitcoins
In 2009 a man named 'James Howell' owned 7,500 bitcoins. But he threw away his computer hard drive along with his bitcoins. In 2013, bitcoin became popular and more and more people started investing in bitcoin. In 2013, the price of his 7,500 bitcoins was around $3.5 million, and as of 2020, the price of his 7,500 bitcoins was around $70 million. This was his biggest mistake, and he could cry every day in any corner of his house.
4. Lottery
Back in 2010, a woman living in Central England bought a lottery ticket and waited for the results. When the results were announced, she did not feel happy, although she won $183 million in the lottery. This is the largest lottery prize. She didn't feel happy because her husband threw the lottery ticket in the trash just 1 day before the results were announced.
3. Confusion with units of measurement
As we all know, there are fixed units of measurement such as millimeter, centimeter, meter, kilometer, milligram, gram, kilogram, liter and others. But the British use different measures of measurement called English units, such as feet, inches, pounds, ounces and others. In 1999, NASA launched the Mars Orbiter Space Mission and directions to the satellite were given in meters and kilometers, but Lockheed Martin Aerospace gave the directions in feet and inches. And as a result, the satellite went astray and got lost in space. NASA spent US$125 million on this project.
2 Million Dollar Stock Market Mistake
On December 12, 2005, a great man made a very good mistake. The share price of J-Com 1 was about 610,000 yen (1 share = 610,000 yen). But a man from the Japanese company Mizuho sold 610,000 shares for 1 yen. How did he make such a big mistake, really incredible? Due to this mistake, the company suffered a huge loss of about 225 million US dollars.
1. Gold mine for sale
In 1867, Russia thought their land area had increased and it was difficult to control such a large area. Therefore, the Russian government decided to sell 1.72 million square kilometers of the United States for next to nothing. price 7.2 million USD. But that was the biggest mistake Russia made, because today this land is called Alaska and has gold mines, natural gas and oil, which have a market value of about 200 billion US dollars.
