Communication can be costly because how well you communicate will largely dictate your success, but I didn’t know a communication mistake could cost a business $340,000,000 (340 million)!
That’s what happened when a Japanese trader accidentally sold 610,000 shares of a stock for 1 yen instead of trading 1 share for 610,000 yen. Yikes! Talk about bad days at work.
A recent switched.com post (5 Typos That Broke the Bank) makes reference to this error, along with a $40,000 missing “l” and a typo that sends a woman 1,500 miles away from her intended destination.
Boy, I hate when that happens.