9 most interesting facts from the world of Business
Everybody knows about Coke!
Speaking of competition
Customer comes first
Amazon employees spend two days every two years working at the customer service desk. Even the CEO does that! This is to help all workers understand the customer service process.
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100 Richest = 4*World Poverty
In 2012, the 100 richest people in the world earned enough money to end world poverty four times over.
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Yahoo's more than 'Yahoo'
Don't sell your shares prematurely
Ronald Wayne, the third founder of Apple alongside Steve Jobs and Steve Wozniak, sold his shares for a mere $800 after 12 days in the company.
His stake, i.e. 10% of the company, would be worth $35 billion today with Apple's current valuation.
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His stake, i.e. 10% of the company, would be worth $35 billion today with Apple's current valuation.
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Samsung is badass
Best known for consumer electronics, Samsung’s other business areas include weapons manufacturing, life insurance, and theme park management.
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$1 Million too costly for Google?
In 1999, Google’s founders were willing to sell the company to a web portal called Excite for under $1 million.
However, Excite passed on the offer. The rest is history.
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However, Excite passed on the offer. The rest is history.
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Revenue by Gambling!
1. In 1974, FedEx was on the verge of bankruptcy. It was saved when the founder took the last $5,000 of the company's assets and turned it into $32,000 by gambling in Las Vegas. Today, FedEx is estimated to be worth $30 billion.
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