Public Hospitality Group borrowed A$1.8B against venues that cost A$380M
Jon Adgemis added 14 venues from 2020 and ran up A$1.8B of mostly private-credit debt on pubs that cost A$380M; he went bankrupt in October 2025.
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2,000 PUBLISHED CASES · REGULARLY UPDATEDAckman bought Netflix in January 2022 and sold in April after a 35% plunge
Pershing Square bought 3.1M Netflix shares in January 2022 and dumped them on 20 April, a loss that cut the fund's year-to-date return by four points.
Read the caseNew World Development booked HK$18.3B of charges to exit its 11 Skies airport mall
NWD will hand its 11 Skies mall project back to the Airport Authority Hong Kong, taking HK$18.3B in charges and a HK$26.8B annual net loss.
Read the caseMorrisons plans to close 100 loss-making convenience stores it inherited from McColl's
In May 2026 Morrisons proposed closing 100 Morrisons Daily stores, loss-making for years since its 2022 McColl's takeover, after earlier cuts.
Read the caseMicrosoft's $1,400 Surface Duo fell to $409 and got two late Android updates
Ars Technica called the Surface Duo 1 an unmitigated disaster: steep price cuts, buggy software and a 'three year' update plan with two late Android updates.
Read the caseLora DiCarlo sold the hype before the vibrator — staff were fired by text in 2022
The sex-tech startup raised $9.2M on CES buzz and a Cara Delevingne tie-up, but its $290 Osé was panned and staff learned of closure by text in October 2022.
Read the caseKrafton's CEO asked ChatGPT how to dodge a $250M earn-out; a court reinstated the studio
Krafton bought Unknown Worlds for $500M in 2021; to dodge a $250M Subnautica 2 earn-out its CEO used ChatGPT to plan a takeover, and a judge undid it in 2026.
Read the caseInsteon shut off its cloud without warning and left users' smart homes dead
In April 2022 Insteon's servers, forums and status page went dark with no notice, breaking cloud-dependent lights, thermostats and hubs for its customers.
Read the caseInfo Edge wrote off all ₹276 crore it put into Rahul Yadav's 4B Networks within months
Info Edge took a ₹276 crore impairment on proptech start-up 4B Networks, five months after investing at about a $185M valuation.
Read the caseIHG's password vault was open to 200,000 staff behind a weak password — hackers wiped data
Holiday Inn owner IHG had bookings and check-in disrupted in September 2022 after hackers say they used a weak vault password to run a data-wiping attack.
Read the caseGrindr's two-week return-to-office ultimatum cost it 82 of 178 employees
Grindr told its all-remote staff in August 2023 to pledge to office work or leave by 31 August, two weeks after they unionized; 46% of staff were let go.
Read the caseA planned Grab system upgrade knocked out rides and food in five countries for two days
In November 2021 Grab's planned upgrade of one system disrupted its apps across Singapore, Indonesia, Thailand, the Philippines and Malaysia for two days.
Read the caseGlastonbury's £20 live-stream locked out paying fans for two hours, then went free
Glastonbury's ticketed virtual concert turned paying viewers away with errors for two hours, so organisers opened a free stream and offered refunds.
Read the caseFunko built $246M of stock on growth that stalled — then scrapped up to $36M of it
Funko ended 2022 with inventory 48% higher while demand slipped 1%, and chose to eliminate $30M-$36M of product rather than keep paying to store it.
Read the caseEmbracer shut Deus Ex Go for people who paid for it — no refunds for in-game buys
Three weeks after closing Onoma, Embracer said four mobile games, including paid Deus Ex Go, would stop working for existing owners after 4 January 2023.
Read the caseeFuse's Creator League collapsed in 5 days after creators found an undisclosed blockchain
eFuse launched MrBeast-promoted Creator League on 2 September 2023 with $20 NEAR-linked passes; creators quit over the blockchain and eFuse cut 30% of staff.
Read the caseEast Midlands Railway axed a £5,000 ideas prize over 'poor' entries; ASA ruled it unfair
East Midlands Railway cancelled a £5,000 ideas competition shortly after launch, saying entries were poor; the ASA found it breached promotion rules.
Read the caseDrinkworks, the 'Keurig for cocktails', shut a year after going national, giving no reason
Anheuser-Busch and Keurig Dr Pepper's cocktail-pod machine venture stopped selling machines at once in December 2021, offering reimbursement.
Read the caseDefence Health's new platform failed direct debits and left members uninsured
Defence Health launched a new member platform it called a first for Australia; in 2023 failed debits, a claims backlog and 328 ombudsman complaints followed.
Read the caseCue and Veronika Maine lost relevance with shoppers, then went into receivership
After pulling out of wholesale by 2008, Cue posted a A$14.1M loss in FY2024, changed owners in 2025, and went into receivership in September 2026.
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