this post was submitted on 04 Aug 2023
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Didn't really result in a loss, but a huge missed opportunity, when AT&T turned down an offer for them to purchase the early internet.
At least something we can all cheer about :)
This also reminds me of Yahoo turning down the offer to buy Google in their early stage! https://finance.yahoo.com/news/remember-yahoo-turned-down-1-132805083.html
The thing to remember with these examples is that those companies would have royally fucked up their purchases. Big companies always impose a culture and a mindset.
AT&T would definately have crushed the internet with a monopoly - we would have had to use AT&T approved internet devices, and they would have brought long distance type charges to it. Oh so your email is going overseas? Thatβs an extra 10c.
Same with Google and Netflix. They were all able to continue with the founders vision and create something special.