Mistakes That Cost These Businesses A Ton Of Money

Published on 10/23/2020
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A Leak In A Dubai Aquarium

In 2010, a massive aquarium (which held hundreds of sharks and a total of 33,000 sea creatures) in a shopping center in Dubai started leaking water. Both the shopping center and aquarium were emergency-evacuated. The aquarium opened as an “indoor ocean” in 2008. The leakage was due to a weakness in the joints of the panel. The aquarium’s maintenance team sprang into action right away, saving the lives of the sea creatures and millions in potential damage.

A Leak In A Dubai Aquarium

A Leak In A Dubai Aquarium

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Mercedes-Benz Purchases Chrysler

In 1998, Daimler-owned Mercedes-Benz bought Chrysler for $37 billion. This deal lasted nine years and Daimler-Benz lost $37 billion. It eventually sold Chrysler to the private equity firm Cerberus for $7.4 billion, which means it took a $30.4 billion loss. There were plenty of reasons Chrysler lost a lot of money, though the main reason was Mercedes realizing it didn’t want its new little brother sharing the luxury market. As a result, Daimler shortchanged Chrysler.

Mercedes-Benz Purchases Chrysler

Mercedes-Benz Purchases Chrysler

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