Five Missed Business Opportunities In History

Author:
Publish date:
Video Rating:
TV-G
Video Duration:
1:26

Tesla  (TSLA) - Get Report CEO Elon Musk made headlines when he claimed that he had once reached out to Apple's  (AAPL) - Get Report CEO Tim Cook to discuss the possibility of Apple acquiring his electric carmaker Tesla.

On Tuesday, Musk took to Twitter  (TWTR) - Get Report to recall those "darkest days."

"During the darkest days of the Model 3 program, I reached out to Tim Cook to discuss the possibility of Apple acquiring Tesla...He (Cook) refused to take the meeting," Musk tweeted.

Musk is referring to the year 2017 when the company was going through difficult times when Tesla's highly anticipated Model 3 had mixed reviews.

Apple's disinterest in Tesla back then actually became a good thing for Musk. Tesla was able to bounce back. Currently, the company is worth 10 times more than in 2017. Tesla also became TheStreet's number one stock of 2020.

Well, if you look back at history, this is not the first time companies have missed out on some really good opportunities.

It's hard to believe that the social media giant Facebook  (FB) - Get Report was almost sold to Yahoo  (YAHOO)  in 2006. Unfortunately, the deal fell apart when Yahoo changed their offer from $1 billion to $800 million. 

Netflix  (NFLX) - Get Report was also ready to be sold to Blockbuster, a video-rental chain, in 2000. 

The streaming giant's co-founder Marc Randolph, in his 2019's book, That Will Never Work: The Birth of Netflix and the Amazing Life of an Idea, wrote about how Blockbuster rejected them when they offered Netflix for sale for $50 million.

20 years later, Netflix is the world’s number one streaming giant, and there’s only one Blockbuster store on earth.

Google  (GOOGL) - Get Report was also up for sale for a mere $1 million to a popular website during the 90s, Excite. Apparently, Excite was not ‘excited’ to buy Google back then.

Fast forward to 2020, Google needs no introduction and a few people know that ‘Excite’ exists.

Watch the video above to know more.

Latest Videos From TheStreet and Jim Cramer:

Related Videos