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

submitted 1 year ago by bady@lemmy.ml to c/asklemmy@lemmy.ml

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

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[-] Mpolmanteer@lemmy.world 77 points 1 year ago

Knight Capital - They were biggest equities trader in 2012. They manually deployed code and didn't get configuration right and it reactivated "Powder Peg". They lost $460 M in 45 minutes and went bankrupt.

[-] bady@lemmy.ml 14 points 1 year ago

Thanks for sharing. This is exactly the kind of blunder I had in my mind when asking the question, a seemingly silly mistake like forgetting to do something causing way too much trouble!

[-] Mpolmanteer@lemmy.world 3 points 1 year ago

It's actually a good case for why you needed devops and an automated build/release

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this post was submitted on 04 Aug 2023

306 points (100.0% liked)

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