Seems to me like a situation calling for the very lightest touch on the throttle and a very gentle engagement of the clutch. I heard entirely inappropriate revs of the engine. The driver either thought that traction control was all knowing and all powerful; or was trying to make a u-tube video.  yes

Modern technology is awesome at saving people from minor errors, but it still can't overcome gross incompetence.

Edit: Overall, I believe the video was scripted, directed, and produced to get all of those u-tube hits from people like the commenters that RC mentioned. I do not believe that any Porsches were actually harmed in the making of this film. Did anyone note the progress that the driver was making in reverse, but headed back towards the wall instead? The description of the video doesn't mention any damage, only the commentors do.