I keep reading that blockbuster has lost $518 billion in 2010 and was $1 billion

[shenfrey]

However no one is saying how they lost this much, I mean I doubt the owner lost his wallet, or forgot where he put his $518 Billion, so how did this actually come about, what factors?

I'm assuming part of it was lost by paying off the remaining leases for the 300 or so stores they shut down in 2010, but what else caused them to lose this much?

[SilentPanda]

Can you post a link to where you are reading this?

[rdowns]

Stop starting new threads and do your own homework.

[shenfrey]

http://www.billhalal.com/?p=295

Is the main one I am referring to.

[obeygiant]

Originally Posted by shenfrey

However no one is saying how they lost this much, I mean I doubt the owner lost his wallet, or forgot where he put his $518 Billion, so how did this actually come about, what factors?

Its got to be a typo. There's no way any company lost half a trillion and it not be front page news. $518 Million maybe..

[chown33]

Look up the company's 10-K annual reports at the SEC's EDGAR database.

http://en.wikipedia.org/wiki/Form_10-K
http://www.sec.gov/edgar/searchedgar/companysearch.html

For quarterly info, see the 10-Q reports.