HP spent $1.2 billion purchasing Palm in order to get webOS in April 2010. They sunk additional resources, developed a tablet, launched the tablet, and promptly decided to kill off webOS. A $3 billion adventure has now taken an interesting turn: webOS will go open source, and HP may provide additional hardware at some point in the future. On the whole it looks like a great investment gone bad due to poor leadership from HP, but it may end up working out okay for webOS enthusiasts.
Not many of us have made $3 billion mistakes, thankfully. Check out these articles to avoid making big personal finance mistakes of your own:
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