Greatest annual net loss by a company
- Who
- Time Warner Inc.
- What
- 98700000000 US dollar(s)
- Where
- United States (New York,)
- When
- 30 January 2003
The greatest annual net loss by a company is $98.7 billion (£60 billion) reported by AOL Time Warner on 30 January 2003.
AOL Time Warner's 2002 loss is approximately the same size as the gross domestic product of Israel. It works out at a loss of $10.1 (£6.1) per share, much higher than 2001's loss of $4.9 billion (£2.9 billion) or $1.1 (£1.7) a share.