Stupid Tech: The Worst Biz Moves of All Time

Stupid Tech: The Worst Biz Moves of All Time

Lycos went from a $12.5 billion company to a $95 million company in four years

Terra Networks acquired Lycos in an all stock deal that valued Lycos at $12.5 billion at the peak of the bubble in 2000. Just four years later it sold Lycos for $95 million.

The Business Insider