Samsung’s $100B Fat-Finger Error

Samsung’s $100B Fat-Finger Error

In 2018, Samsung experienced a historic "fat-finger" error when it accidentally distributed $9 million worth of company shares to each of its employees. The total amount mistakenly allocated exceeded $100 billion-over 30 times Samsung's market capitalization. Within 37 minutes, 16 employees sold their shares, causing the stock to plummet by 11%.

Previous Fact Next Fact
Categories:

Latest FactRepublic Video

15 Most Controversial & Costly Blunders in History

Sponsored Links