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The Botched Software Update That Cost $600 Million
Sonos, the high-end speaker company, continues to reel from its disastrous app update last May. The company lost revenue and approximately $600 million in market capitalization. Then came the layoffs and a CEO exit. WSJ’s Ben Cohen explains. See The Journal live! Take our survey! Further Listening: - The Glitch That Crashed Millions of Computers - The Snowballing Problems at Vail Resorts Further Reading: - The $500 Million Debacle at Sonos That Just Won’t End - Sonos Finally Hits the Hard Reset Button Learn more about your ad choices. Visit megaphone.fm/adchoices
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